 Stock Market
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20 Sep 07 15:02
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Banks holding out well against fluctuations
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However, analysts' claim that we should not expect it to last
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tna
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TNA
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BANGKOK, Sept 18 (Reuters) - Thailand's benchmark stock
index (.SETI: Quote, Profile, Research) was up 0.24 points, or 0.03 percent, at 802.89
points in thin turnover of 7.52 billion baht ($219.5 million)
at 0735 GMT on Tuesday.
Stocks on the move included:
- SMC Motors (SMC.BK: Quote, Profile, Research), a distributor of Volvo and Mazda
cars in Thailand, jumped 9.2 percent to more than a two-month
high of 1.79 baht after the firm said it expected to conclude
its private placement shares sale over the next one to two
months and planned to add new businesses.
SMC Motors said in May it would issue 264.44 million new
shares in a private placement at 10 baht each.
0737 GMT
- TMB Bank (TMB.BK: Quote, Profile, Research) rose 5.8 percent to 2.0 baht, having
hitting near one-month high 2.04 baht after a bank source said
Dutch financial group ING (ING.AS: Quote, Profile, Research) had offered to buy an
initial 24.9 percent stake in Thailand's fifth largest bank.
See [ID:nBKK32178] for full story
0738 GMT
- Energy firms were higher, with PTT PCL (PTT.BK: Quote, Profile, Research),
Thailand's top oil and gas firm, rising 0.64 percent before
slipping back to unchanged at 314 baht and Thai Oil (TOP.BK: Quote, Profile, Research) up
1.3 percent, having neared a near two-week high at 81 baht.
Oil surged to a record above $81 a barrel on Tuesday,
drawing strength from concerns about a winter supply squeeze in
the United States, the world's top consumer where an
anticipated interest rate cut is calming recession fears.
U.S. light crude for October delivery (CLc1: Quote, Profile, Research) was at $80.93
a barrel at 0740 GMT after touching a high of $81.18.
See [nSP161854] for full story
0740 GMT
- For the Thai press digest click on [ID:nBKK23858]
- For Thailand's IPO diary click on |
- For Thailand's stock exchange news click on [TH-SET]
- For Thailand corporate earnings: [TH-RES-RTRS]
- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1 = 34.26 Baht)
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