Thailand Stocks: Charoen Pokphand, GFPT Pcl, Sri Trang, Thai Oil

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 climbed 15.83, or 1.6 percent, to 1.022.89, the highest close since Jan. 19.

Food producers: Japan may boost orders from Thai food producers following the nation’s strongest earthquake, Asia Plus Securities Pcl said. The brokerage recommended shares of Charoen Pokphand Foods Pcl (CPF), Thai Union Frozen Products Pcl (TUF) and GFPT Pcl. (GFPT)

Charoen Pokphand (CPF TB), Thailand’s largest meat producer, rose 2.1 percent to 24.8 baht, the highest close since Dec. 29. Thai Union (TUF TB), the biggest seafood exporter, gained 1.6 percent to 47.25 baht, the highest since Jan. 21. GFPT Pcl (GFPT TB) jumped 5.5 percent to 8.7 baht, the largest increase since Nov. 22.

Refiners: The profit from making gasoil in Asia surged to the highest in 2 1/2 years after Japan’s earthquake knocked out power plants and refineries, according to PVM Oil Associates Ltd., a London-based broker.

Thai Oil Pcl (TOP) , Thailand’s biggest oil refiner by market value, climbed 4.2 percent to 81 baht, its highest close since January 2008. PTT Aromatics & Refining Pcl (PTTAR) , which operates Thailand’s second-biggest refinery, gained 3.4 percent to 37.75 baht. Esso (Thailand) Pcl (ESSO TB) added 4.9 percent to 9.6 baht.

IRPC Pcl (IRPC) , a refiner and petrochemical maker, surged 7 percent to 6.10 baht, the highest since Jan. 10. IRPC will benefit from higher prices of gasoline and petrochemical products after earthquake in Japan, said Chief Executive Officer Pailin Chuchottaworn.

Banpu Pcl (BANPU) , the nation’s biggest coal producer, increased 4.2 percent to 750 baht, the largest advance since Jan. 4. The company sold its entire stake in a holding company in Hong Kong for $669 million, according to a filing to the Thai stock exchange.

Sri Trang Agro-Industry Pcl (STA) , the biggest publicly traded rubber producer, slid 6.4 percent to 25.75 baht, the lowest close since Oct. 12. Rubber futures plunged as much as 13 percent to 335 yen per kilogram on the Tokyo Commodity Exchange.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at

To contact the editor responsible for this story: Darren Boey at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.