Stocks rise to two-month high | Bangkok Post: business

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Stocks rise to two-month high

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Thai stocks advanced, sending the benchmark index to a two-month high, after anti-government protesters removed blockades at four main intersections in central Bangkok. 

The SET Index surged 1.3% to 1,342.25 at the midday break. That’s its fifth day of gains, set for the longest rally since October. The gauge's jump today is the most among Asian benchmark rivals. The MSCI Asia Pacific Index lost 0.8% as tensions over Russia’s intervention in Ukraine intensified.

Demonstrators removed the blockades today to help alleviate the impact on businesses and commuters in the capital, Suthep Thaugsuban, a protest leader, said on Feb 28. Global funds have pulled a net US$1.07 billion from the nation’s stocks this year, data compiled by Bloomberg show. The move may help ease political risk, which will boost tourism-related stocks, according to Asset Plus Fund Management Co.

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