Thai shares jump 6.39 per cent on energy sector optimism
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Mon, 05 Jan 2009 09:59:48 GMT |
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Bangkok - Thai shares jumped 6.39 per cent in value Monday as investors snapped up energy sector stocks, confident that oil prices will rise because of the crisis in the Middle East, brokers said. The Stock Exchange of Thailand (SET) index ended at 478.69, up 28.73 points, or 6.39 per cent, on 17 billion baht (486 million dollars) in trade. "Investors were buying up energy sector stocks on the expectation that oil prices will rise because of the Israel-Palestine clash," said Phuwadol Larpudomsuk, an analyst at Asia Plus Securities.
Copyright DPA
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