Thailand Stocks: Bangkok Dusit, Sri Trang Agro, Thai Vegetable
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 dropped 2.53, or 0.2 percent, to 1,076.13.
Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, jumped 5.7 percent to 32.25 baht, the highest close since Feb. 9. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB), the second biggest, gained 1.6 percent to 6.55 baht.
Rubber advanced to a one-month high in Tokyo as a drop in the Japanese currency boosted the appeal of yen-based contracts and flooding in Thailand raised concern that supply from the world’s largest exporter would decline.
Bangkok Dusit Medical Services Pcl (BGH) , the nation’s largest hospital operator, dropped 1.4 percent to 51 baht, the biggest decline since March 25. Bangkok Dusit offered to buy all the shares it doesn’t own in Prasit Patana Pcl for 3.71 baht per share, the company said in a statement today.
Thai Vegetable Oil Pcl (TVO) , the largest listed producer of soybean cooking oil, gained 5.6 percent to 28.5 baht, the highest close since Feb. 11. Thailand’s commerce ministry allowed producers of soybean cooking oil to raise retail prices of the edible oil by 20 percent to 55 baht per liter, Vachari Vimooktayon, the director general of the ministry’s Internal Trade Department, said today.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com