Thailand Stocks: Kasikornbank, PTT Global, Quality Construction
Stock Chart for PTT PCL (PTT)
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.
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