Bloomberg News

Thailand Stocks: Bangkok Land, PTT, PTT Exploration, Sri Trang

June 21, 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 1.2 percent to 1,159.05, the biggest loss since June 5.

Oil companies: PTT Pcl (PTT) , Thailand’s largest energy company, dropped 3.3 percent to 321 baht, the steepest decline since May 23. PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, lost 1.5 percent to 169 baht. Crude for August delivery slipped as much as 1.9 percent to $79.92 a barrel in New York, the lowest intraday level since Oct. 6.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, decreased 2 percent to 14.70 baht, the lowest close since June 7. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) lost 1.3 percent to 3.06 baht. Rubber futures lost 3.2 percent to 244.2 yen a kilogram on the Tokyo Commodity Exchange, a one-week low.

Bangkok Land Pcl (BLAND) rose 1.5 percent to 0.70 baht, the highest close since May 8. The property developer will pay an interim dividend of 0.02 baht a share, it said in a regulatory filing. That would be the first cash dividend since at least 2003, according to data compiled by Bloomberg.

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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