Feb. 15 (Bloomberg) -- 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 rose 1.42, or 0.2 percent, to 968.49.
Bangkok Bank Pcl (BBL TB), Thailand’s biggest lender, increased 3.3 percent to 156 baht, its highest close since Feb. 2. The shares were raised to “outperform” from “neutral” at Credit Suisse Group AG, which said the bank is among the “biggest winners” from interest-rate increases and early government elections. The brokerage increased its share-price estimate to 194 baht from 175 baht, according to a report by analysts led by Dan Fineman.
Bualuang Securities Pcl (BLS TB), a stock brokerage, jumped 9.5 percent to 20.8 baht, its highest close since May 2008. The company will pay a cash dividend of 2.15 baht a share for its 2010 earnings, it said. That more than doubles the payout of 1 baht a share in the previous year. The company will also give investors one free share for every two they own, it said.
Krungthai Card Pcl (KTC TB), a lender to consumers, dropped 4.6 percent to 12.6 baht, its biggest decline since Jan. 24. The company denied speculation that its parent, Krung Thai Bank Pcl, will buy shares in Krungthai Card that it doesn’t already own. There have been no discussions between Krungthai Card and Krung Thai Bank on a potential purchase, it said in a regulatory filing. Krung Thai Bank (KTB TB), which owns 49.5 percent in Krung Thai Card according to data compiled by Bloomberg, rose 1.8 percent to 16.8 baht.
Thai Capital Corp. Pcl (TCC TB), a supplier of steel for the construction industry, fell 7.6 percent to 3.9 baht, its steepest decline since Nov. 8. The company scrapped a dividend payment for 2010.
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