Thailand Stocks: BTS Group, Kiatnakin Bank, PTTEP, Sri Trang

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 5.21, or 0.48 percent, to 1,095.88.

BTS Group Holdings Pcl (BTS TB), the operator of Bangkok’s elevated train system, rose 4 percent to 0.79 baht, its highest close since March 9. Ridership on BTS’s Bangkok train system reached a record high of 14.4 million trips in March, and will grow over the next two months, KGI Securities (Thailand) Pcl wrote in a note today.

Kiatnakin Bank Pcl (KK TB), a commercial lender, fell 3.4 percent to 36 baht, its biggest decline since March 11. First-quarter net income fell 26 percent to 605.2 million baht ($20.1 million), the bank said in a regulatory filing after the market closed yesterday.

PTT Exploration & Production Pcl (PTTEP TB), the nation’s only publicly traded oil explorer, fell 0.8 percent to 188 baht, its lowest close in more than two weeks. Crude oil futures dropped as much as 1 percent, extending yesterday’s 2.3 percent decline, after Standard & Poor’s Ratings Service cut the U.S. long-term credit outlook, fueling concern that a recovery in the global economy may slow.

Sri Trang Agro-Industry Pcl (STA TB), the largest rubber producer, fell 2.3 percent to 31.25 baht, its lowest close since April 4. Rubber futures declined for a sixth day in Tokyo, slumping as much as 5 percent.

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