Thailand Equity Movers: Ch. Karnchang, Cyberplanet, PTT, TRC

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 12.62 points, or 1.2 percent, to 1,010.32, its lowest close since March 18.

Ch. Karnchang Pcl (CK TB), a Thai construction company, fell 2 percent to 7.55 baht, its biggest slide in two weeks. The company plans to sell its entire stake in Southeast Asia Energy Ltd. for 6.3 billion baht ($205 million).

Cyberplanet Interactive Pcl, (CYBER TB), a game developer for console systems and mobile phones, dropped 4.2 percent to 1.13 baht, its biggest decline in more than two weeks. Investors are required to pay cash upfront before placing orders to buy shares of Cyberplanet, the Stock Exchange of Thailand said in a statement.

Nation Multimedia Group Pcl (NMG TB), a media company, slid 14 percent to 1.10 baht, the biggest drop since April 12. The company reduced the par value of its stock to 1 baht a share from 10 baht, effective today.

PTT Pcl (PTT TB), the nation’s biggest energy company, fell 3 percent to 324 baht, its lowest close since Feb. 14. The company said a leak in a natural-gas pipeline off the coast of Thailand that started on June 25 will cut its gas supply by 600 million cubic feet a day.

TRC Construction Pcl (TRC TB), a Thai construction company, fell 0.5 percent to 4.26 baht. TRC was downgraded to “hold” from “buy” at Bualuang Securities Pcl, which said rising costs may erode the company’s earnings.

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