Thailand Stock Movers: Big C Supercenter, CP All, Ratchaburi
Stock Chart for Thai Rubber Latex Corp Thailand PCL (TRUBB)
The SET Index (SET) rose for a fourth day, climbing 0.1 percent to 1,172.11, the highest close since June 20. The gauge lost 2.1 percent since the end of March, the first quarterly drop since the three months ended Sept. 30. The measure surged 14 percent this year.
Big C Supercenter Pcl (BIGC) , Thailand’s second-biggest hypermarket operator, slid 4.5 percent to 213 baht, the most since May 14. The company signed loan agreements worth 32 billion baht ($1 billion) with three commercial banks, it said in a regulatory filing. The loans will be used to refinance its short-term debt, which was borrowed to pay for the purchase of Carrefour SA’s stores in Thailand, it said.
CP All Pcl (CPALL) , the nation’s biggest convenience store operator, fell 3.4 percent to 35.50 baht, the steepest decline since May 31. American International Assurance Co. plans to sell 75 million shares of CP All, according to a term sheet obtained by Bloomberg News. The stock was offered at 36 baht each, according to the document.
Ratchaburi Electricity Generating Holding Pcl (RATCH) , a private power producer, gained 1.7 percent to 43.75 baht, the highest close since Feb. 17. Ratchaburi was upgraded to buy from neutral at Bank of America Corp.’s Merrill Lynch unit.
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