Thailand Stocks: Kasikornbank, PTT Global, Quality Construction

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 (SET) fell 0.4 percent to 1,112.91, the first drop in four days. The gauge gained 1.3 percent this week, its sixth straight weekly increase.

Kasikornbank Pcl (KBANK) , a Thai lender, rose 0.8 percent to 132 baht, the highest close since Aug. 18. The bank signed an agreement with Macquarie Group Ltd. to cooperate on equity capital markets transactions and mergers and acquisitions, it said today in a statement.

PTT Global Chemical Pcl (PTTGC) (PTTGC TB), Thailand’s biggest petrochemical maker, fell 1.4 percent to 71.75 baht, the biggest drop in a month. The stock was cut to “neutral” from “buy” by UBS AG, which said the shares were approaching its price target.

Quality Construction Products Pcl (QCON) , a maker of concrete blocks and products, rose 2.3 percent to 6.65 baht, its highest close since May 2005. The company will pay a full-year dividend of 0.08 baht per share, it said in a regulatory filing yesterday.

To contact the reporters on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net; Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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