Thai Stocks: Bank of Ayudhya, Rayong Purifier, Thai Insurance
Stock Chart for Bank of Ayudhya PCL (BAY)
Shares of the following companies had unusual moves in Thailand trading. (SET) Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.
The SET Index fell 0.4 percent to 1,028.38, its fourth day of declines.
Airports of Thailand (AOT) , the nation’s biggest airfield operator, fell 2.3 percent to 44.25 baht, the sharpest drop since Nov. 21. Shares of the nation’s biggest operator of airfields started trading today without the right to a dividend.
Bank of Ayudhya Pcl (BAY) , the lender partly owned by General Electric Co., rose 1.8 percent to 22.5 baht. The bank may be chosen to buy HSBC Holdings Plc’s credit card and retail business in Thailand, the Bangkok Post reported, citing people it didn’t identify. Philip Tan, head of Ayudhya’s consumer- finance group, declined to comment on the report.
Rayong Purifier Pcl (RPC) , a company that distills condensate residue into fuels, fell 10 percent to 1.99 baht, the lowest close since Oct. 7, after saying PTT Pcl (PTT) plans to end an agreement to provide raw materials.
PTT plans to stop supplying condensate residue in January 2012, Rayong Purifier said today in a regulatory filing. The contract is the subject of an arbitration proceeding and PTT should continue to supply raw materials until the arbitrators make a ruling, it said.
Thai Insurance Pcl (TIC) , a non-life insurer, rose 1.4 percent to 14.5 baht, its highest close since Sept. 22. A shareholder bought a further 0.85 percent of Thai Insurance on Dec. 21, increasing their stake to 5.46 percent, Thai Insurance said today in a filing to the Securities & Exchange Commission.
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