Bloomberg News

Thailand Stocks: Precious Shipping, Sri Trang, Thoresen Thai

June 05, 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 financial markets were closed yesterday for a public holiday.

The SET Index (SET) fell 1.4 percent to 1,099.15, the lowest close since Feb. 6.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , the country’s largest rubber producer, dropped 4.8 percent to 14 baht, the lowest close since June 16, 2010. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) lost 2 percent to 3 baht, the lowest level since Jan. 18. Rubber futures slid 4.9 percent on the Tokyo Commodity Exchange yesterday.

Shipping companies: Precious Shipping Pcl (PSL) fell 2.7 percent to 14.30 baht, the lowest close since Oct. 7. Thoresen Thai Agencies Pcl (TTA) lost 2.4 percent to 16.60 baht, the most since May 23.

The Baltic Dry Index, a measure of shipping costs for dry- bulk commodities, fell 2.1 percent yesterday, its ninth straight day of declines, according to the Baltic Exchange in London.

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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