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 rose 5.03, or 0.5 percent, to 1,008.13.
Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, jumped 7.1 percent to 26.25 baht, the steepest advance since Dec. 1. Thai Rubber Latex Corporation (Thailand) Pcl (TRUBB TB) climbed 2.6 percent to 5.90 baht, the most since Jan. 28.
Rubber gained for the first day in four as Bridgestone Corp., the world’s biggest tiremaker, restarted production at three plants in Japan, easing concern Japan’s strongest recorded earthquake may weaken demand. August-delivery futures jumped as much as 7.4 percent in Tokyo.
Thai Union Frozen Products Pcl (TUF) , the nation’s largest seafood exporter, gained 4.8 percent to 49.25 baht, the highest close since Jan. 20. Thai Union’s sales to Japan will increase in 2011 as the company will receive higher orders for its canned tuna and seafood following the earthquake, Asia Plus Securities Pcl wrote in a note today.
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