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Thailand Stocks: Finansa, PTT, Sri Trang, Thai Rubber Latex

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

The SET Index rose 6.06, or 0.6 percent, to 1,090.97. The exchange was closed from April to April 15 for public holidays.

Finansa Pcl (FNS) , a financial company, fell 5.3 percent to 4.62 baht, poised for the biggest decline since Jan. 24. Fitch Ratings (Thailand) revised its BBB long-term rating outlook to negative from stable.

PTT Pcl (PTT) , the largest energy company, rose 1.6 percent to 377 baht, poised for its highest close since April 7. Oil has gained 2.6 percent in New York since April 12, the last time PTT shares traded.

Sri Trang Agro-Industry Pcl (STA) , the biggest rubber producer, slid 1.5 percent to 32.25 baht, heading for its biggest drop since March 24. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) dropped 0.8 percent to 6.45 baht, the most since March 31. Rubber futures in Tokyo slumped for a fifth day after China increased banks’ reserve requirements to lock up cash and cool inflation, raising concern demand from the world’s biggest consumer may weaken.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net; Ian C. Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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