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Thailand Stocks: Banpu, Lanna, Thoresen Thai, Union Plastic

March 24 (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 6.85, or 0.7 percent, to 1,034.39, the highest close since Jan. 19.

Coal producers: Crude oil in New York rose for a fourth day as Allied strikes in Libya intensified, raising concern crude supplies from Africa’s third-biggest producer will remain halted. Higher oil prices will boost demand for alternative fuels including coal.

Banpu Pcl (BANPU TB), Thailand’s biggest coal producer, gained 2.4 percent to 766 baht, the highest close since Feb. 21. Lanna Resources Pcl (LANNA TB) increased 2.5 percent to 24.3 baht.

Thoresen Thai Agencies Pcl (TTA TB), the nation’s second-biggest shipping company by market value, added 1.6 percent to 19.1 baht, the highest since March 14. Thoresen said its Singapore-based unit, Soleado Holdings Pte., set up a joint venture to develop a new coal mine project in Indonesia.

Union Plastic Pcl (UP TB), a producer of plastic products, jumped 5.8 percent to 23.7 baht, the highest close since November 2003. The company will pay a cash dividend of 2 baht a share, it said in a regulatory filing.

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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