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Thailand Stocks: Quality Houses, PTT, PTT Exploration, TT&T

June 22 (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 3.86, or 0.4 percent, to 1,023.86.

Oil companies: PTT Pcl (PTT TB), Thailand’s biggest energy company, dropped 1.2 percent to 330 baht. PTT Exploration & Production Pcl (PTTEP TB), Thailand’s only publicly traded oil explorer, lost 1.8 percent to 167 baht.

Crude oil fell in New York on signs that a drop in U.S. stockpiles will be smaller than forecast and on speculation that OPEC countries including Saudi Arabia are increasing supplies.

Quality Houses Pcl (QH TB), Thailand’s fourth-biggest residential property developer by market value, gained 1.8 percent to 1.74 baht, the steepest advance since May 20. The company established five new subsidiaries to develop new housing projects and provide furniture-installation services, it said in a regulatory filing.

TT&T Pcl (TTNT TB), a fixed-line phone service provider, jumped 30 percent to 0.13 baht, the largest increase since April 2008. The Stock Exchange of Thailand allowed T&T’s shares to be traded for the last day today before suspending them until the company resolves its debt problem, the bourse said.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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