Shares of the following companies had unusual moves in Thailand trading. (SET) Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.
The SET Index fell 0.4 percent to 1,024.54, declining for a sixth straight day. The measure has fallen 0.8 percent this year.
Khon Kaen Sugar Industry Pcl (KSL) , a Thai sugar producer, advanced 1.5 percent to 13.3 baht, the highest close since Dec. 7. Khon Kaen will probably report “strong” year-on- year profit growth for the first quarter of 2012, driven by “substantially greater sugar, ethanol and electricity sales volume,” Bualuang Securities said in a note to clients dated today.
Quality Houses Pcl (QH) , a property developer, rose 1.3 percent to 1.51 baht. The company plans to start sales at 23 real-estate projects valued at 21.4 billion baht ($677 million) in 2012, the Bangkok Post reported, citing Suwanna Buddhaprasart, a director at the company. Buddhaprasart couldn’t be reached when called at her office.
Total Access Communication Pcl (DTAC) , the nation’s second-biggest mobile-phone company, fell 2.3 percent to 71.5 baht, the lowest close since Sept. 5. The shares declined after they began trading without the right to a dividend. The stock was also downgraded to “sell” from “buy” by Rattana Leenutaphong, an equity analyst at IV Global Securities Pcl.
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