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Thailand Stocks: Bangchak, Indorama, Lanna Resources, Sri Trang

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are at the 4:30 p.m. close in Bangkok. The SET Index fell 9.07, or 0.9 percent, to 1,023.19.

Bangchak Petroleum Pcl (BCP TB), Thailand’s state-owned refiner, declined 1.7 percent to 17.6 baht, extending a 1.7 percent drop on Jan. 14. The company may lose about 30 million baht ($1 million) in revenue after a fire at a refinery in Bangkok, President Anusorn Sangnimnuan said on Jan. 14.

Indorama Ventures Pcl (IVL TB), the nation’s biggest maker of chemicals used in plastic bottles, dropped 1.1 percent to 45.25 baht, taking a two day decline to 2.2 percent. Canopus International Ltd., Indorama’s biggest shareholder, raised 12 billion baht by selling 270 million Indorama shares at 44.5 baht apiece, the company said on Jan. 14. Canopus is controlled by Indorama’s Chief Executive Officer Aloke Lohia.

Lanna Resources Pcl (LANNA TB), the nation’s second-biggest coal producer, rose 2.4 percent to 25.5 baht, the highest close since December 1994. Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 4.9 percent to $136.30 per metric ton in the week ended Jan. 14, according to the globalCOAL NEWC Index.

Sri Trang Agro-Industry Pcl (STA TB), the biggest publicly traded rubber producer, gained 2.6 percent to 39 baht. Rubber in Tokyo advanced to a record for a fourth day as rising demand, led by China, boosted speculation that global consumption will outpace supplies that have been curbed by persistent rain in producing nations.

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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