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Tuesday September 18, 3:48 PMThai Hot Stocks - SMC Motors, TMB, oil firms upBANGKOK, Sept 18 (Reuters) - Thailand's benchmark stock index 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 , 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 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 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 , Thailand's top oil and gas firm, rising 0.64 percent before slipping back to unchanged at 314 baht and Thai Oil 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 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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