April 8 (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 6.52, or 0.6 percent, to 1,082.69, the most since March 15. The gauge gained 1.7 percent this week, the third weekly advance.
Golden Land Property Development Pcl (GOLD TB), a property developer, climbed 4.8 percent to 3.08 baht, the most since March 8. The company raised 1.51 billion baht ($50 million) from a rights offer, it said in a regulatory filing today.
Thai Vegetable Oil Pcl (TVO TB), the nation’s largest soybean supplier, lost 1.7 percent to 29 baht, the steepest decline since March 22. Soybean futures for May delivery yesterday fell 0.9 percent to $13.635 a bushel on the Chicago Board of Trade, the fourth decline in five sessions.
Thanachart Capital Pcl (TCAP TB), a Thai financial company, dropped 2.2 percent to 34 baht, the largest decline since March 15. The company had its share-price estimate cut to 40.75 baht from 42 baht at DBS Vickers Securities (Thailand) Co., which cited the bank’s higher operating costs and lower net interest margin.
Tipco Asphalt Pcl (TASCO TB), the nation’s largest asphalt maker, fell 2.4 percent to 60.5 baht, the most in two weeks. The company was downgraded to “hold” from “buy” at Kelive Research, which said rising oil prices will increase the company’s costs.
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