Thailand Stocks: BTS Group, Kiatnakin Bank, PTTEP, Sri Trang
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 5.21, or 0.48 percent, to 1,095.88.
BTS Group Holdings Pcl (BTS) , the operator of Bangkok’s elevated train system, rose 4 percent to 0.79 baht, its highest close since March 9. Ridership on BTS’s Bangkok train system reached a record high of 14.4 million trips in March, and will grow over the next two months, KGI Securities (Thailand) Pcl wrote in a note today.
Kiatnakin Bank Pcl (KK) , a commercial lender, fell 3.4 percent to 36 baht, its biggest decline since March 11. First- quarter net income fell 26 percent to 605.2 million baht ($20.1 million), the bank said in a regulatory filing after the market closed yesterday.
PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, fell 0.8 percent to 188 baht, its lowest close in more than two weeks. Crude oil futures dropped as much as 1 percent, extending yesterday’s 2.3 percent decline, after Standard & Poor’s Ratings Service cut the U.S. long-term credit outlook, fueling concern that a recovery in the global economy may slow.
Sri Trang Agro-Industry Pcl (STA) , the largest rubber producer, fell 2.3 percent to 31.25 baht, its lowest close since April 4. Rubber futures declined for a sixth day in Tokyo, slumping as much as 5 percent.
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