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Thailand Stocks: Dhipaya Insurance, Thai Union, Central Pattana

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Sept. 13 (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 9.16 points, or 0.9 percent, to 1,031.67, the lowest level since Aug. 25.

Companies with European businesses: Thai Union Frozen Products Pcl (TUF TB), which owns a tuna canner in Europe, declined 1.3 percent to 55.25 baht, the lowest price since Aug. 29. Central Pattana Pcl (CPN TB), which runs a shopping mall in Italy, dropped 3.2 percent to 37.5 baht, the biggest slump since Aug. 25.

The shares fell amid mounting concern Europe’s debt crisis will spread. German Chancellor Angela Merkel said in an interview with Berlin-based broadcaster Inforadio she won’t let Greece fall into “uncontrolled insolvency” because the risk of contagion for the other euro-zone countries “is very big.”

Dhipaya Insurance Pcl (TIP TB), an insurance company, dropped 4 percent to 25.75 baht. Investors who buy Dhipaya’s shares today aren’t entitled to a dividend payout of 0.75 baht a share.

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