The SET Index fell 0.7 percent to 1,023.48, snapping a three-day decline.
Inoue Rubber (Thailand) Pcl (IRC) , a tire producer, slipped 4.6 percent to 10.3 baht, the most since Oct. 21. Net income for the year ended Sept. 30 slid 51 percent to 150.4 million baht ($4.8 million).
Kiatnakin Bank Pcl (KK) dropped 3.7 percent to 32.5 baht, extending yesterday’s 8.2 percent slide. Kiatnakin announced on Dec. 9 a plan to merge with Phatra (PHATRA) Capital Pcl through a share swap. Phatra (PHATRA TB), a financial company, lost 7.7 percent to 30 baht after a 5.8 percent decline yesterday.
PTT Exploration & Production Pcl (PTTEP) , Thailand’s only publicly traded oil explorer, gained 1.8 percent to 172.5 baht, the highest close since Sept. 1. Oil traded near a one- week high in New York on signs the Organization of Petroleum Exporting Countries may set an output ceiling similar to current levels at its meeting in Vienna today.
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