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Thailand Stocks: Central Pattana, Central Plaza, Ch. Karnchang

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 fell 9.05, or 0.8 percent, to 1,075.91. The gauge fell for a third day, the longest stretch of declines in three months. Thailand’s financial markets were closed on May 16 and 17 for public holidays.

Asia Metal Pcl (AMC) , a Thai producer of steel pipes, gained 8.1 percent to 2.14 baht, the biggest gain since November 2009. Net income in the first quarter more than tripled to 68.4 million baht ($2.26 million).

Central Pattana Pcl (CPN) , Thailand’s largest shopping mall developer, dropped 3.4 percent to 28.50 baht, the lowest close since March 31. Profit in the first quarter fell 35 percent to 612.4 million baht.

Central Plaza Hotel Pcl (CENTEL) , a hotel operator, jumped 6.3 percent to 7.55 baht, the highest close since July 1990. Profit in the first quarter doubled to 400.9 million baht.

Ch. Karnchang Pcl (CK TB), the nation’s second-largest publicly traded construction company, declined 4.5 percent to 7.5 baht, the lowest close since Aug. 20. The company’s net loss in the first quarter widened to 456.8 million baht from a loss of 381.7 million baht in the same quarter last year.

Hana Microelectronics Pcl (HANA) , the biggest semiconductor packager, dropped 2.4 percent to 24.3 baht, the lowest close since April 12. Profit in the first quarter dropped 23 percent to 457.3 million baht.

Regional Container Lines Pcl (RCL) , a sea-cargo shipping company, lost 6.8 percent to 9.6 baht, the lowest close since March 4, 2010. The company’s net loss widened to 714.4 million baht in the first quarter from 341.7 million baht in the same period last year.

Southern Concrete Pile Pcl (SCP) , a maker of concrete products, surged 14 percent to 14 baht, the steepest advance since Aug. 17. Net income in the first quarter tripled to 33.5 million baht.

Thai Storage Battery Pcl (BAT3K) (BAT3K TB), a maker of automobile batteries, jumped 14 percent to 74.5 baht, the highest close in three years. The company had a net income of 88.4 million baht in the three months ended March 31, compared with a net loss of 18.7 million baht in the year-earlier period.

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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