Siamgas, Thai Airways, True Corp.: Thailand Equity Preview

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:29 a.m. in Bangkok.

The SET Index fell 8.11, or 0.8 percent, to 1,012.26, the first drop in three days.

Shipping companies: Precious Shipping Pcl (PSL) , Thailand’s largest publicly traded shipping company, declined 1.8 percent to 16.4 baht, set for the lowest close since 2009. Thoresen Thai Agencies Pcl (TTA) , the second biggest, lost 1.1 percent to 18.5 baht.

The Baltic Dry Index, a measure of commodity shipping costs, fell 0.7 percent on April 10, its fifth day of declines, according to the Baltic Exchange in London.

Thai Airways International Pcl (THAI) , the country’s largest carrier, slid 3.4 percent to 28.75 baht, set for the lowest close since July 7. The company’s board approved a plan to acquire 37 new planes by 2017 at a cost of 118.6 billion baht ($3.9 billion), it said in a regulatory filing today. The carrier will buy six Boeing Co. 777-300ER planes and nine Airbus SAS jets, Thai Airways said today in a statement. The company plans to lease a further 22 aircraft in the period, it 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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