Thailand Stocks: Thai Airways, Airports of Thailand, Sahaviriya
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.
The SET Index fell 4.51, or 0.5 percent, to 959.17, taking a four-day slide to 7.3 percent.
Tourism-related companies: Thai Airways International Pcl (THAI TB), the country’s largest carrier, dropped 4.1 percent to 41.5 baht, the lowest close since Oct. 13. Airports of Thailand Pcl (AOT TB), the biggest airfield operator, slid 5.6 percent to 33.5 baht, the lowest level since June 11. Minor International Pcl (MINT TB), the largest hotel and restaurant operator, fell 4.6 percent to 10.5 baht.
Thai nationalists vowed to begin an indefinite occupation of a Bangkok street today to force Prime Minister Abhisit Vejjajiva to revoke a border agreement with Cambodia that they say cedes territory to a neighbor. The People’s Alliance for Democracy, which mobilized tens of thousands of people when it seized Bangkok’s airports for eight days in 2008, will gather at 2 p.m. on a bridge less than a kilometer from Abhisit’s Government House office.
Sahaviriya Steel Industry Pcl (SSI TB), Thailand’s biggest steelmaker, declined 5.2 percent to 1.29 baht, the lowest close since March 19. Sahaviriya fixed the price for the sale of 2.62 billion shares at 1.20 baht apiece, it said in a statement today, compared with an earlier range of 1.20 baht to 1.40 baht.
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