PTT Group Buoys the Thai Stock Market amid Surging Oil Prices as Brent Jumps to $67.43
PTT Group Buoys the Thai Stock Market amid Surging Oil Prices as Brent Jumps to $67.43.
Stocks in PTT Group buoyed the Thai stock market to open with a drop by 1 point or 0.10% amid negativity in the regional markets.
The share price of PTT Public Company Limited (PTT) rose ฿0.75/share or 1.88% to trade at ฿40.75/share at the open on Friday.
PTT Exploration and Production Public Company Limited (PTTEP) rose ฿2.50/share or 2.20% to trade at ฿116.00/share.
PTT Global Chemical Public Company Limited (PTTGC) rose ฿1.00/share or 1.58% to trade at ฿64.25/share.
PTT Oil and Retail Business Public Company Limited (PTTOR) rose ฿0.25/share or 0.84% to trade at ฿30.00/share.
Brent rose to 67.43 dollars a barrel this morning, while WTI traded at 64.47 dollars a barrel. The surge was due to the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+)’s agreement to extend most oil output cuts into April.
As of 10:10 local time in Thailand, SET Index turned positive at +0.78 points or 0.05% at 1,534.89 points.