Thailand Stocks: PTT Pcl, Supalai, Hemaraj Land & Development

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 0.1 percent to 1,036.26, trimming its weekly gain to 1.1 percent.

Hemaraj Land & Development Pcl (HEMRAJ TB), a developer of industrial land, rose 3.5 percent to 2.34 baht, the most since Nov. 22. Hemaraj was raised to “buy” from “hold” by Wanida Geisler, an analyst at UOB-Kay Hian Securities (Thailand) Pcl.

PTT Pcl (PTT TB), Thailand’s biggest oil company, dropped 1.5 percent to 323 baht, halting a three-day gain. Crude oil futures slid 1.4 percent to $101.81 a barrel in New York yesterday. They traded today at $102.24 in electronic trading.

Supalai Pcl (SPALI TB), a property developer, lost 2.1 percent to 14.2 baht, snapping a four-day decline. The company was cut to “outperform” from “buy” by Sorapong Jakteerugkul, an analyst at Kasikorn Securities Co. Ltd.

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