Coal stocks gained in the morning session of Thursday, September 16, as coal prices continue uptrend.
As of 11:51 local time in Thailand, the share price of Banpu Public Company Limited (BANPU) rose ฿0.50/share or 3.94% to ฿13.20/share, with a trading value of 1,268 million baht.
The share price of The Lanna Resources Public Company Limited (LANNA) rose ฿1.00/share or 3.96% to ฿26.25/share, with a trading value of 156 million baht.
The share price of Asia Green Energy Public Company Limited (AGE) rose ฿0.08/share or 2.65% to ฿3.10/share, with a trading value of 24 million baht.
The share price of Thai Capital Corporation Public Company Limited (TCC) rose ฿0.01/share or 0.91% to ฿1.11/share, with a trading value of 151 million baht.
According to UOBKayHian Securities, the outlook for BANPU‘s performance remains good due to the continued rise of coal and natural gas prices, and the share price may climb ahead of the Warrant in early October.
Newcastle coal futures for October closed last night at $180.6 per tonne, up $1.3 (+0.73%).