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 10.76 points, or 1 percent, to 1,019.55.
Total Access Communication Pcl (DTAC TB), Thailand’s second-biggest mobile phone company, dropped 3.4 percent to 57.75 baht, the largest decline since June 1. The company was downgraded to “hold” from “buy” at IV Global Securities Pcl.
Italian-Thai Development Pcl (ITD TB), Thailand’s largest construction company, gained 4.1 percent to 3.52 baht, the steepest advance since April 19. The company won a contract worth 8.07 billion baht ($263 million) from the State Railway of Thailand.
PTT Exploration & Production Pcl (PTTEP TB), the nation’s only publicly traded oil explorer, declined 1.2 percent to 168.50 baht. Oil futures in New York slumped 4.6 percent to $94.81 a barrel yesterday, the lowest level since Feb. 22.
PTT Chemical Pcl (PTTCH TB), the largest petrochemical maker by market value, fell 1 percent to 143 baht. PTT Chemical plans to shut down an ethylene cracker for 40 days in the third quarter, the company said in an e-mailed statement. The plant has the capacity to process 1 million metric tons a year.