6 December 2001

PTT’s record day on the stock exchange

Shares of PTT Plc dominated the market on their first day of trade, rising 2.14 percent in price and helping push market turnover to an 11-month high.

SET president Kittirat Na Ranong said PTT posted the highest turnover recorded for a single stock in one day. The gas and oil company was a good model for other state enterprises in preparing their own plans to list on the market, he said.

PTT opened at 38 baht, three baht higher than its initial public offering price, and reached a high for the day at 38.25. With PTT shares representing nearly 8% of total market capitalisation, gains lifted The Stock Exchange of Thailand (SET) index by 1.44 points to 305.25 in turnover worth 19.53 billion baht.

The government planned to list 16 state enterprises by 2003, raising market capitalisation by 800 billion baht.

6 December 2001

PTT’s record day on the stock exchange

Shares of PTT Plc dominated the market on their first day of trade, rising 2.14 percent in price and helping push market turnover to an 11-month high.

SET president Kittirat Na Ranong said PTT posted the highest turnover recorded for a single stock in one day. The gas and oil company was a good model for other state enterprises in preparing their own plans to list on the market, he said.

PTT opened at 38 baht, three baht higher than its initial public offering price, and reached a high for the day at 38.25. With PTT shares representing nearly 8% of total market capitalisation, gains lifted The Stock Exchange of Thailand (SET) index by 1.44 points to 305.25 in turnover worth 19.53 billion baht.

The government planned to list 16 state enterprises by 2003, raising market capitalisation by 800 billion baht.