On Monday at 11:29 AM (Bangkok time), the share price of PTT Global Chemical Public Company Limited (SET: PTTGC) jumped by 2.99% or THB 0.70 to THB 24.10, with a trading value of THB 320.68 million.
The Siam Cement Public Company Limited (SET: SCC) gained 2.99% or THB 6.00 to THB 207.00, with a trading value of THB 258.72 million.
Phillip Securities (Thailand) sees Thai stocks related to the China Play theme rising, driven by positive sentiment following China’s stronger-than-expected economic figures for the third quarter and the first nine months. This is particularly evident in the industrial production numbers and the unemployment rate.
Additionally, the market remains hopeful that China’s Fourth Plenum this week will include discussions on further economic measures, which would support stocks linked to China’s manufacturing and economy, especially two major players in the petrochemical and construction materials sectors: PTTGC and SCC.
