The SET Index (SET) fell for a third day, dropping 0.5 percent to 1,147.43. The gauge has dropped 4.1 percent this quarter, poised for the steepest slide since the three months ended Sept. 30. The measure has gained 12 percent this year.
Airports of Thailand Pcl (AOT TB), the nation’s largest airport operator, climbed 3 percent to 59.75 baht, the highest close since May 15. Four airlines have agreed to move to Bangkok’s Don Mueang airport from Suvarnabhumi, President Anirut Thanomkulbutra said today. The company wants 14 carriers to eventually move to help ease congestion at Suvarnabhumi airport, he said.
Halcyon Technology Pcl (HTECH) , a maker of diamond- cutting tools, lost 1.5 percent to 3.98 baht, halting a five-day rally. The company plans to sell as many as 39.5 million new shares in a private placement, it said today in a regulatory filing.
Keppel Thai Properties Pcl (KTB) , a property developer, slid 16 percent to 1.19 baht, the largest drop since February 2009. The stock jumped 21 percent on June 22. Keppel Thai is unaware of a reason for the recent surge in its share price, the company said in a statement in response to queries from the Stock Exchange of Thailand.
T. Krungthai Industries Pcl (TKT) , an auto-parts maker, lost 8.7 percent to 2.74 baht, the biggest decline since March 10, 2009. The stock jumped 24 percent on June 22. T. Krungthai is unaware of a reason for the share-price advance, the company said in a statement.
TMB Bank Pcl (TMB) , a lender controlled by ING Groep NV, fell 2 percent to 1.50 baht, the most since June 5. Thailand’s banking industry may shrink to as few as five lenders from 14 as competition and cost-cutting fuels consolidation, Boontuck Wungcharoen, chief executive officer of TMB Bank, said in an interview.
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