Thailand Stocks: Khon Kaen, Sri Trang Agro, Thai Rubber Latex

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 for a second day, declining 1.3 percent to 1,182.41, the lowest close since March 15. Thailand’s financial markets will be closed tomorrow for a public holiday.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, dropped 2.9 percent to 20.20 baht, the most since Dec. 14. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) lost 2.2 percent to 4.94 baht.

September-delivery rubber fell as much as 1.7 percent to 321.8 yen a kilogram ($3,911 a metric ton) on the Tokyo Commodity Exchange, the lowest price for the most-active contract since March 7, before settling at 326.5 yen.

Sugar producers: Khon Kaen Sugar Industry Pcl (KSL) slipped 1.4 percent to 13.8 baht, the lowest close since March 13. Khonburi Sugar Pcl (KBS) declined 1.8 percent to 10.7 baht.

Sugar production from Thailand, the world’s second-biggest exporter, reached a record in the crop year started Nov. 15, according to the Office of the Cane & Sugar Board. Sugar production totaled 9.68 million metric tons and cane crushing was 92.8 million tons as of April 4, according to data from the board’s website.

CSP Steel Center Pcl (CSP) , a steel supplier, fell 3.5 percent to 1.98 baht, bound for the lowest close since Nov. 15. The stock began trading today without the right to receive a cash dividend of 0.12 baht.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

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

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