Thailand Stocks: KGI Securities, PTT Exploration, TPI Polene

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 for a second day, losing 19.89 points, or 1.8 percent, to 1,069.20, paring a weekly gain to 0.7 percent.

Oil producers: PTT Pcl (PTT) , Thailand’s largest energy company, slipped 3.3 percent to 318 baht, the biggest loss since Aug. 9. PTT Exploration & Production Pcl (PTTEP) , the country’s only publicly traded oil explorer, lost 3.6 percent to 161 baht.

Crude oil fell to less than $80 a barrel in New York for the first time in more than a week on concern that slower economic growth will erode fuel demand. Brent crude traded at a record premium to U.S. prices.

KGI Securities (Thailand) Pcl (KGI TB), a stock brokerage, dropped 4.2 percent to 2.30 baht. Net income in the second quarter slumped 51 percent to 93.9 million baht ($3.14 million), it said in a regulatory filing.

TPI Polene Pcl (TPIPL) , a chemical maker, gained 2.9 percent to 14.2 baht, the highest close since July 19, 2010. A Thai court overturned a ruling that would have forced TPI Polene to pay a 6.9 billion-baht fine, the company’s Chairman Prachai Leophairatana said by phone from Bangkok today.

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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