The Thai stock market closed 1.54 percent higher on Thursday, tracking gains on regional markets after a rally in oil prices, an analyst said. The Stock Exchange of Thailand (SET) composite index rose 9.70 points to close at 640.98, while the blue chip SET-50 index gained 7.05 points to 460.13.
Gainers outnumbered losers 281 to 60 and 114 stocks were unchanged on turnover of 4.9 billion shares worth 19.7 billion baht (581.7 million dollars). The Thai baht was almost unchanged against the greenback to close at 34.02-04 to one dollar from Wednesday's close of 34.04-07. It fell against the euro, closing at 48.41-46 compared to the previous day's close of 47.98-48.05.
"Stocks rose in line with regional markets following oil price gains," said Mayuree Chowvikran, senior vice president at King Eng Securities. Oil prices rose above 72 dollars in Asian trade Thursday. Shares in coal miner Banpu rose 6.00 baht to close at 402.00 baht.
PTT Plc added 4.00 baht to 236.00 baht and its subsidiary PTT Exploration and Production closed 3.00 baht higher at 140.50. Bangkok Bank was up 1.00 baht at 113.00 baht, while Siam Commercial Bank and Kasikornbank both edged up 1.25 baht to finish at 77.50 and 72.50 baht respectively. Siam Cement gained 5.00 to 190.50 baht.
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