March 21 (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 16.64, or 1.7 percent, to 1,019.93, the most since Feb. 14.
Land & Houses Pcl (LH TB), Thailand’s biggest home builder by market value, climbed 4.7 percent to 5.60 baht, the largest increase since Feb. 17. Land & Houses sold its 24.99 percent stake in Bangkok Chain Hospital Pcl (KH TB) for 3.53 billion baht ($117 million), the company said in a regulatory filing on March 18. Bumrungrad Hospital Pcl bought Bangkok Chain’s shares at 8.50 baht each.
Bumrungrad (BH TB), the nation’s second-largest listed hospital operator, gained 1.4 percent to 36 baht. Bangkok Chain rose 0.7 percent to 7.20 baht, the highest close since it listed in 2004.
Jasmine International Pcl (JAS TB), an Internet service provider, jumped 7.6 percent to 2.54 baht, the highest close since March 2000. Advanced Info Service Pcl, Thailand’s biggest mobile phone company, will join with Jasmine to expand its broadband Internet service, according to Advanced Info Chief Executive Officer Wichian Mektrakarn. The agreement will allow Advanced Info’s subscribers to use Jasmine’s wireless broadband Internet service in 15,000 spots nationwide, he said. Advanced Info (ADVANC TB) was unchanged at 87.25 baht.
Siam Industrial Credit Pcl (SICCO TB), a financial company, gained 6.2 percent to 4.46 baht, the highest close since Sept. 3. Siam Commercial Bank Pcl, Siam Industrial’s biggest shareholder, plans to hold a public auction for its stake in the financial company, it said in a regulatory filing today. Siam Commercial (SCB TB), Thailand’s fourth-biggest lender by assets, advanced 2.5 percent to 104 baht.
Thai Airways International Pcl (THAI TB), the country’s largest carrier, advanced 4.1 percent to 38.25 baht on expectations that travel demand may rebound after Japan reported progress in cooling nuclear reactors. “Japan’s quick return to normal will benefit Thai Airways”, which has been among Thai stocks most affected by Japan’s nuclear crisis, Kim Eng Securities (Thailand) Pcl wrote in a note today.
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