Bloomberg News

Thailand Stock Movers: Banpu, Sri Trang Agro, Thai Rubber Latex

April 10, 2012

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.

The SET Index (SET) fell for a third day, declining 1.4 percent to 1,165.61, the most since Nov. 21. Thailand’s financial markets were closed for a public holiday on April 6 and 9.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, slid 4.5 percent to 19.30 baht, the steepest decline since Nov. 1. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) lost 4.5 percent to 4.72 baht, the lowest close since Feb. 16.

Rubber futures dropped for a sixth day, falling 0.8 percent to settle at 322.2 yen a kilogram ($3,970 a metric ton) on the Tokyo Commodity Exchange, the lowest close since Feb. 17.

Banpu Pcl (BANPU) , Thailand’s biggest coal producer, declined 2 percent to 582 baht, lowest close since Jan. 25. Indonesia, the world’s largest exporter of power-station coal, cut the benchmark price for April sales to the lowest in 16 months, according to data released by the energy ministry on April 5. Banpu’s biggest coal production comes from its mines in Indonesia.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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