Thailand Stocks: Glow Energy, PTT, Thai Vegetable, Thoresen Thai

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) rose 1.4 percent to 1,228.49, the highest close since July 1996. The gauge has risen 2.7 percent this month, poised for its seventh monthly gain.

Glow Energy Pcl (GLOW) , a Thai power producer, added 7.2 percent to a record 67.25 baht. The company expects profit to climb to a record in 2012 on new plants, the Thai-language Krungthep Turakij newspaper reported, citing Chief Financial Officer Suthiwong Kongsiri. The company’s total capacity will increase by 770 megawatts to 3,500 megawatts after starting two power plants, the report said. Suthiwong wasn’t available for comment when a call was made to his office today.

PTT Pcl (PTT) , Thailand’s largest company by market value, rose 2 percent to 351 baht, the steepest advance since April 19. The company plans to sell 15 billion baht of seven- year bonds in May, it said in an e-mailed statement.

Thai Vegetable Oil Pcl (TVO TB), the nation’s largest soybean supplier, climbed 2.6 percent to 23.30 baht, the highest close since Sept. 19. Soybean futures for July delivery rose 0.9 percent on April 27 to $14.935 a bushel on the Chicago Board of Trade, after touching $15.0675, the highest level since July 18, 2008.

Thoresen Thai Agencies Pcl (TTA) advanced 0.5 percent to 19.20 baht. The Baltic Dry Index, a measure of shipping costs for dry-bulk commodities, climbed 0.7 percent on April 27, its 13th straight day of gains, according to the Baltic Exchange in London.

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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