Thai Stocks Tied to Incumbent PM Anutin Jump on Surprise Win

Stecon Group Pcl shares led a rally in companies tied to incumbent Thai Prime Minister Anutin Charnvirakul after his party unexpectedly won the most seats in Sunday’s election.

The stock jumped as much as 22% on Monday, the most since Sept. 2024, after preliminary results showed Bhumjaithai Party secured 191 seats in the 500-member parliament. It is among the biggest gainers on the benchmark index. STP & I Pcl, an engineering company that Anutin’s family also owns shares in, gained as much as 7.1%.