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 slid 42.89, or 4.3 percent, to 963.68, the biggest decline since October 2009.
Coal producers: Banpu Pcl (BANPU TB), Thailand’s biggest coal producer, dropped 4.6 percent to 748 baht, the most since May 25. Lanna Resources Pcl (LANNA TB) slid 6.8 percent to 22.1 baht, the steepest decline since Aug. 16. Asia Green Energy Pcl (AGE TB) decreased 3.8 percent to 12.7 baht.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, declined 4 percent in the week ended Jan. 21, according to the globalCOAL NEWC Index.
Tourism-related companies: Thai Airways International Pcl (THAI TB), the country’s largest carrier, lost 5.5 percent to 43.25 baht, the largest decrease since May 24. Airports of Thailand Pcl (AOT TB), the biggest airfield operator, declined 3.4 percent to 35.5 baht. Minor International Pcl (MINT TB), the biggest hotel and restaurant operator, fell 3.5 percent to 11 baht.
Thai nationalist protesters will rally “indefinitely” starting tomorrow near Prime Minister Abhisit Vejjajiva’s Bangkok office to pressure him into taking stronger action in a border dispute with neighboring Cambodia. The People’s Alliance for Democracy, which seized Bangkok’s airports for eight days in 2008 and formerly supported Abhisit, wants the government to revoke past border agreements with Cambodia.
Advanced Info Service Pcl (ADVANC TB), the country’s largest mobile phone company, fell 4.8 percent to 79.75 baht, its lowest close since June 7. The company plans to spend 10 billion baht ($325 million) on its network this year, the company said in a statement today.