Thailand Stocks: Asia Plus, Kim Eng, Country Group, Sahaviriya

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.

The SET Index rose for a third day, climbing 2.23, or 0.2 percent, to 1,052.90, headed for the highest close since October 1996. The gauge has increased 2 percent this year, set for its eighth straight quarterly advance.

Brokerages: Kim Eng Securities (Thailand) Pcl (KEST TB), the country’s largest stock brokerage, climbed 1.4 percent to 14.2 baht, the highest level since March 10. Asia Plus Securities Pcl (ASP) rose 1.4 percent to 2.92 baht, on course for the highest close since Jan. 6. Country Group Securities Pcl (CGS) climbed 2 percent to 1.01 baht, poised for the highest close since Oct. 15.

Trading turnover on the Stock Exchange of Thailand jumped to 38 billion baht ($1.25 billion) yesterday, the highest level since March 8, according to the bourse’s data.

Sahaviriya Steel Industries Pcl (SSI) , the country’s biggest steelmaker by market value, gained 1.6 percent to 1.29 baht, on course for the highest close since Feb. 28. The company was rated “buy” in new coverage at Bualuang Securities Pcl, which cited its recent acquisition of a steel plant in the U.K. The brokerage has a share-price forecast of 2 baht.

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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