Bloomberg News

Thailand Equity Movers: Lohakit Metal, MDX, PTT, Sri Trang Agro

June 22, 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 0.5 percent to 1,152.91, the lowest close since June 8. The gauge dropped 1.1 percent this week, its first decline in three weeks.

Lohakit Metal Pcl (LHK) , a supplier of steel products, climbed 1.5 percent to 2.78 baht, the highest close since May 31. The company will pay a dividend of 0.14 baht a share, it said in a regulatory filing.

MDX Pcl (MDX) , a developer of industrial land, slid 12 percent to 3.8 baht, the biggest decline since Sept. 22. There’s no significant business development that may account for the recent surge in the company’s share price, it said in a regulatory filing. MDX is still under “normal business operation,” it said. The stock jumped 30 percent yesterday.

PTT Pcl (PTT) , Thailand’s largest energy company, decreased 2.2 percent to 314 baht, the lowest close since June 8. Oil traded near an eight-month low below $80 a barrel in New York and headed for a second weekly decline.

Sri Trang Agro-Industry Pcl (STA) , the country’s largest rubber producer, lost 2 percent to 14.40 baht, the lowest close since June 7. Rubber futures plunged 5.1 percent to end at 231.7 yen a kilogram ($2,883 a metric ton), the lowest settlement level since Nov. 11, 2009, on the Tokyo Commodity Exchange.

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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