Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.
The SET Index (SET) fell 0.6 percent to 1,196.77, its steepest decline since March 22. The gauge advanced 17 percent this quarter, its biggest quarterly gain since the three months ended September 2010.
Big C Supercenter Pcl (BIGC) , the Thai unit of French supermarket operator Casino Guichard-Perrachon SA (CO) , lost 4.1 percent to 164 baht, its steepest decline since Feb. 28. Big C plans to sell as many as 23.6 million shares, or a 2.9 percent stake, through a private placement, it said in a regulatory filing. An earlier plan to raise 25 billion baht ($810 million) through the sale of stock to existing investors has been postponed, it said.
Capital Nomura Securities Pcl (CNS) , a stock brokerage, dropped 1.6 percent to 30 baht, its largest loss since Dec. 14. The company’s second-quarter net income slumped 58 percent from a year earlier to 20.2 million baht, according to a regulatory filing.
Chonburi Concrete Product Pcl (CCP) rose 1.7 percent to 2.36 baht, the most since March 14. The concrete-products maker sold a parcel of land for 79.4 million baht, higher than both the appraised and book values, it said in a regulatory filing.
Italian-Thai Development Pcl (ITD) , the nation’s biggest construction company, gained 1.1 percent to 3.54 baht. Italian- Thai Development said Myanmar’s government agreed to allow the construction of a power plant at the Dawei industrial estate that will be fueled by natural gas for the first five years, the Thai-language Krungthep Turakij reported, citing the company’s Chairman Premchai Karnasuta.
To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org