The Stock Exchange of Thailand composite index rose 5.39 per cent, or 24.37 points to 476.33 on Monday, tracking gains in other Asian markets after governments around the world endorsed banks rescue plan.

Gainers far outnumbered losers 226 to 136 with 89 shares remained unchanged.

“The market peaked at 479.78 in the afternoon session, up 6.16 per cent after sinking 9.16 per cent on Friday, following rebounds in Europe and Asian market and it has nothing to do with politics,” stock broker said.

The day’s most notable deals involved PTT (182.00 +12.00); PTTEP (104.00 + 7.50); KBANK (53.50 +3.50); BANPU (186.00 +10.00); and SCB (57.50 +4.50).