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Thailand Stocks: Sri Trang, Thai Rubber, Thai Union, Thai Air

March 2 (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 fell 6.89, or 0.7 percent, to 987.59, halting a three-day, 1.8 percent advance.

Rubber producers: Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, dropped 2.5 percent to 28.75 baht. Thai Rubber Latex Corporation (Thailand) Pcl (TRUBB TB) lost 3.9 percent to 6.15 baht, the lowest close since June 23.

Rubber futures dropped as much as 1.4 percent to 470.6 yen a kilogram ($5,745 a metric ton) on the Tokyo Commodity Exchange before settling at 475.9 yen. The price reached 455 yen in after-hours trading on Feb. 25, the lowest level since Jan. 26.

Seafco Pcl (SEAFCO TB), a Thai construction company, decreased 4.3 percent to 4.06 baht, the lowest close since June 11. The company had a net loss of 58.9 million baht ($1.9 million) in 2010 compared with a profit of 51.5 million baht.

Thai Union Frozen Products Pcl (TUF TB), the biggest seafood exporter, dropped for an eighth day, declining 0.6 percent to 40.25 baht. It was the longest losing streak since 1995. Net income in the fourth quarter fell 51 percent from a year earlier to 352 million baht because of rising tuna and shrimp costs, the company said yesterday.

Thai Airways International Pcl (THAI TB), the country’s largest carrier, lost 2.6 percent to 38.25 baht, snapping a three-day gain, on concern fuel costs will rise. Crude oil rose for a second day in New York, climbing from the highest closing price in 29 months, on concern the unrest that has curbed crude exports from Libya will spread to the Middle East.

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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