Siam Makro Pcl (MAKRO) rose to the highest in almost a month in Bangkok trading after the Prachachat newspaper reported its parent SHV Holdings NV plans to sell its entire stake in Thailand's biggest cash-and-carry wholesaler.
The company jumped as much as 9.4% to 582 baht before trading at 560 baht as of 12.30pm break, poised for its highest close since March 8. The stock was the best performer in the SET100 Index (SET100), which dropped 0.5%.
Suchada Ithijarukul, chief executive officer of Siam Makro, was not available for comment when called at her office. Calls made on a public holiday to the SHV Holdings office in Utrecht, the Netherlands, were not answered.
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