BANGKOK, Aug 3 (Reuters) - Thai shares rose to an 11-month
high on Monday and most other Southeast Asian stock markets
moved higher as the improving economic outlook bolstered buying
interest in sectors such as cement and property.
Most markets in Asia were higher, helped by signs that
economic activity was picking up speed in China. [nSP23077]
Thailand's SET index .SETI jumped 2.8 percent to 641.43,
its highest level since Sept. 15, 2008, with Siam Cement
(SCC.BK) climbing 3.3 percent after analysts upgraded their
earnings outlook for the country's biggest cement firm.
Outperformers included Siam City Cement SCCC.BK, which
surged 7.7 percent, and Land & Houses LH.BK, the country's
biggest housing developer, which rose 8.7 percent.
The Bank of Thailand said cement sales grew 5.5 percent in
June from a year before, implying an improvement in private
investment and a better property market, dealers said.
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