Thailand Stocks: Charoen Pokphand, GFPT, Sri Trang, Thai Rubber

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 1.1 percent to 1,198.09, the most since March 22.

Poultry meat producers: Charoen Pokphand Foods Pcl (CPF) , the nation’s biggest meat producer, climbed 1.4 percent to 37.5 baht, the highest close since March 16. GFPT Pcl (GFPT) jumped 4 percent to 10.50 baht, the most since Nov. 17.

The European Union will lift a ban on imports of fresh poultry meat from Thailand on July 1, according to a statement on the bloc’s website. Thailand may export 50,000 tons of fresh broilers to the EU this year after the removal of the ban, Agriculture and Cooperatives Minister Theera Wongsamut said in an emailed statement today.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, dropped 2.4 percent to 20.80 baht, the lowest close since Feb. 17. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) slid 4.7 percent to 5.05 baht, the steepest decline since Nov. 11.

September-delivery rubber dropped as much as 1.5 percent to 326 yen a kilogram ($3,945 a metric ton), the lowest level since March 30, before settling at 327.5 yen on the Tokyo Commodity Exchange.

Bangchak Petroleum Pcl (BCP) , a state-controlled oil refiner, lost 1.6 percent to 24.30 baht, the most since March 15. The company plans to sell 3 billion baht ($97 million) of bonds in April or May to fund its solar power plant project, President Anusorn Sangnimnuan said.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at

To contact the editor responsible for this story: Darren Boey at

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