Thailand Stocks: Bangkok Bank, Kasikornbank, Krung Thai Bank

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 dropped for a fifth day, falling 13.86 points, or 1.6 percent, to 855.45, the lowest close since July 29, 2010.

Banks: The Thai Bankers Association expects loan growth in the local banking industry will be 6 percent to 8 percent next year, in line with this year, Chairman Chartsiri Sophonpanich said. The European debt crisis will continue to affect financial markets, he said.

Bangkok Bank Pcl (BBL) , Thailand’s biggest lender, declined 2.7 percent to 127 baht, the lowest close since July 15, 2010. Kasikornbank Pcl (KBANK) slid 6.7 percent to 104.50 baht. Siam Commercial Bank Pcl (SCB) slipped 6.1 percent to 96.75 baht, its biggest decline since March 2, 2009.

Krung Thai Bank Pcl (KTB) , the nation’s second-largest lender, lost 5.7 percent to 13.30 baht, the lowest close since Aug. 30, 2010. Moody’s Investors Service changed the outlook on Krung Thai’s foreign-currency deposit ratings to negative from stable.

Thai Industrial & Engineering Service Pcl (TIES) , a construction company, gained 2.2 percent to 0.47 baht, the largest increase since Sept. 20. The company won two construction contracts valued at 883 million baht ($28.3 million), it said in a regulatory filing.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at

To contact the editor responsible for this story: Darren Boey at

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