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Thailand Stock Movers: Forth, Golden Land, Hemaraj, Sri Trang

April 11 (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 6.36, or 0.6 percent, to 1,076.33.

Forth Corp. Pcl (FORTH TB), a Thai manufacturer of telecommunications and electronic equipment, climbed 1 percent to 4.12 baht, the highest since Jan. 18, after saying it will pay a final dividend of 0.15 baht per share for 2010.

Golden Land Property Development Pcl (GOLD TB), a property developer, advanced 1.3 percent to 3.12 baht, its highest close since Feb. 4, after raising 1.51 billion baht ($50 million) by selling stock to existing investors.

Hemaraj Land & Development Pcl (HEMRAJ TB), a Thai industrial land developer, gained 1 percent to 2.04 baht, the biggest gain in a week. The company signed a lease with Toyoda Seiko (Thailand) to provide a ready-built factory in Rayong that will make low-pressure casting molds and shell molds, the Nation reported, without saying where it obtained the information.

Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, rose 3.9 percent to 33 baht, its highest close since Feb. 3. Rubber futures in Tokyo rose to a five-week high amid concern that supply will tighten during New Year holidays in Thailand, the largest exporter.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net; Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net.

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