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Thailand Stocks: Banpu, PTT, PTT Exploration, Wiik & Hoeglund

Nov. 3 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok. The SET Index fell 0.9 percent to 957.56.

Energy companies: PTT Pcl (PTT TB), Thailand’s biggest energy company, dropped 1.3 percent to 294 baht, the lowest close since Oct. 26. PTT Exploration & Production Pcl (PTTEP TB), the nation’s only publicly traded oil explorer, lost 1.6 percent to 153 baht. Banpu Pcl (BANPU TB), the biggest coal producer, slipped 2 percent to 590 baht, the lowest since Oct. 21.

Oil fell as much as 1.8 percent to $90.87 a barrel in New York on speculation that Europe’s dispute with Greece over a referendum on a bailout agreement threatens to intensify the debt crisis and derail the region’s economy. A lower oil price reduces appeal for alternative fuels such as coal.

Wiik & Hoeglund Pcl (KWH TB), a producer of plastic pipes, sank 4.3 percent to 0.90 baht, snapping a five-day winning streak. The company had a net loss of 21 million baht ($680,800) in the third quarter, compared with a profit of 8.2 million baht in the same period a year earlier.

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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