Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.
The SET Index (SET) rose for a sixth day, climbing 0.9 percent to 1,239.06, the highest close since July 1996. Thai financial markets were closed yesterday.
Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, gained 2.5 percent to 20.70 baht, the most since Feb. 22. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) added 1 percent to 5.05 baht, the highest level since April 4. Rubber futures added 0.6 percent to 315.8 yen a kilogram ($3,921 a metric ton) in Tokyo, the highest close since April 10.
Big C Supercenter Pcl (BIGC) , Thailand’s second-biggest hypermarket operator, climbed 2.9 percent to 195.50 baht, a record close. Profit in the first quarter jumped 89 percent to 1.78 billion baht ($59 million), it said in a regulatory filing.
Eastern Water Resources Development & Management Pcl (EASTW) , the nation’s largest private water supplier, jumped 4.8 percent to 8.80 baht, a record close. The company plans to raise capital spending by 40 percent after demand from manufacturers grew at more than twice the pace it estimated, Chief Executive Officer Praphant Asava-aree said in an interview on April 30. Profit this year will beat last year’s record because of an increase in water shipment and tariffs, he said.
PTT Pcl (PTT) , Thailand’s largest oil company, advanced 2.3 percent to 359 baht, the highest close since April 3. Crude oil yesterday rose 1.2 percent to $106.16 a barrel, the highest close since March 27.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com