Thailand Stocks: Bangkok First Investment, Khon Kaen, Thai Air

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 3.52 points, or 0.4 percent, to 1,020.37, a second day of gains, paring a weekly decline of 3.5 percent.

BFIT Securities Pcl (BSEC) , a Thai stock brokerage, added 0.8 percent to 2.4 baht. OSK Investment Bank Bhd. received approval from Malaysian regulators to acquire a 49 percent stake in BFIT, the Thai company said in a regulatory filing. Bangkok First Investment & Trust Pcl (BFIT) , the parent of BFIT Securities, jumped 6.6 percent to 7.25 baht.

Khon Kaen Sugar Industry Pcl (KSL) , a sugar miller, climbed 3.7 percent to 14 baht, a one-week high. The company had its share-price forecast raised to 15.4 baht from 15.2 baht at KGI Securities (Thailand) Pcl, which said higher exports will boost the company’s earnings.

Thai Airways International Pcl (THAI) , the country’s largest carrier, lost 2.5 percent to 29.75 baht, the lowest close since July 8. The airline filled fewer seats in May than in the previous month, it said in a statement today. The carrier’s average cabin load factor was 62 percent, down from 72 percent in April, which was also the average for the first five months of the year, the statement said.

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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