Wednesday, June 27, 2012

Reuters: Hot Stocks: STOCKS NEWS THAILAND-Big C Supercenter at 1-month high

Reuters: Hot Stocks
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STOCKS NEWS THAILAND-Big C Supercenter at 1-month high
Jun 28th 2012, 04:56

Thu Jun 28, 2012 12:56am EDT

Shares in supermarkets group Big C Supercenter Pcl climbed to their one-month high after brokers said they recommended buying stocks whose earnings outlook is boosted by rising domestic consumption.

Big C shares were up 4.13 percent at 227 baht ($7.12), having hit 233 baht, the highest since May 30, with around 1.5 million shares traded, 1.47 times the average full-day volume in the last 30 days. The broader market was up 0.37 percent.

"Investors are advised to stick to defensive sectors under volatile market conditions and Big C is among companies that will benefit from rising domestic consumption," said an analyst at broker Kiatnakin Securities.

(Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com)

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