May 31 (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 2.67, or 0.3 percent, to 1,073.83, the first decline in four days. The gauge has dropped 1.8 percent in May, headed for its first decline in fourth months.
MSCI Index changes: Airports of Thailand Pcl (AOT TB), Thailand’s biggest airfield operator, climbed 2.6 percent to 39.25 baht, the highest close since Dec. 29. Siam City Cement Pcl (SCCC TB), the second-biggest cement maker, rose 6.8 percent to 235 baht, the steepest advance since Aug. 13, 2009. Vinythai Pcl (VNT TB) gained 3.6 percent to 17.2 baht.
The three companies will join the MSCI Thailand Index after the close today, MSCI Inc. said in a May 16 statement.
AJ Plast Pcl (AJ TB), a Thai producer of packaging films, increased 1 percent to 26.25 baht, halting a three-day decline. The company’s board approved a plan to invest 750 million baht ($25 million) for the purchase of new machinery, it said in a regulatory filing.
Italian-Thai Development Pcl (ITD TB), the nation’s biggest construction company, rose 1.6 percent to 3.86 baht, its highest close since May 20. Italian-Thai signed contracts valued at 3.3 billion baht to build a multipurpose jetty and install a natural-gas pipeline, the company said in a regulatory filing.
Thaicom Pcl (THCOM TB), the Thai satellite monopoly, advanced 7.9 percent to 8.85 baht, the highest close since Oct. 12, 2009. The company’s board approved a plan to invest as much as $160 million in a new satellite, it said in a regulatory filing. Orbital Sciences Corp. will build the medium-sized satellite and Space Exploration Technologies Corp. will be responsible for the launch, which is expected around the second quarter of 2013, it said.
Vibhavadi Medical Center Pcl (VIBHA TB) dropped 0.7 percent to 6.80 baht, the steepest decline since May 24. Vibhavadi denied a report that it is in the process of acquiring another company, according to a regulatory filing. It didn’t say where the report was published.
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