Bloomberg News

Thailand Stock Movers: Bangchak Petroleum, PTT Exploration, PTT

July 09, 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 1.1 percent to 1,186.95, the largest decrease since June 21.

Oil companies: PTT Pcl (PTT) , Thailand’s largest energy company, dropped 2.1 percent to 327 baht, the steepest decline since June 22. PTT Exploration & Production Pcl (PTTEP) , the country’s only publicly traded oil explorer, lost 2.3 percent to 173 baht.

Crude oil slid 3.2 percent on the New York Mercantile Exchange on July 6, the biggest decline since June 21.

Bangchak Petroleum Pcl (BCP) , a state-controlled oil refiner, fell for a fourth day, losing 3.2 percent to 21.40 baht. The stock closed at the lowest level since Feb. 14. The company may shut its crude-processing unit for three months for maintenance after a fire, it said on July 5.

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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