May 26 (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 9.91, or 0.9 percent, to 1,065.45.
Khon Kaen Sugar Industry Pcl (KSL TB), Thailand’s only publicly traded sugar miller, climbed 1.5 percent to 13.4 baht, the biggest advance since May 18. Raw sugar for July delivery yesterday rose 3.3 percent to settle at 22.64 cents a pound on ICE Futures U.S. in New York.
Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, gained 1.9 percent to 27.25 baht. Rubber climbed for a third day in Tokyo as a rally in oil boosted the appeal of the commodity as an alternative to synthetic products used for tires and persistent rain in Thailand limited supply from the biggest exporter.
Thoresen Thai Agencies Pcl (TTA TB), a shipping company, increased 4.6 percent to 23 baht. Thoresen may become a takeover target for a fund from Australia, Krungthep Turakij reported, without naming the fund or saying where it obtained the information. Thoresen found no evidence of any significant change in its shareholding structure, the company said in a regulatory filing in response to the newspaper’s report.
United Securities Pcl (US TB), a stock brokerage, jumped 8 percent to 5.4 baht, the highest close since May 2008, after a one-day suspension. UOB Kay Kian Securities (Thailand) Pcl (UOBKH TB) offered to acquire United Securities for 942 million baht. UOB Kay Hian fell 0.6 percent to 3.62 baht.
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