Jan. 11 (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 0.1 percent to 1,051.63, halting a two-day gain.
Coal producers: Banpu Pcl (BANPU TB), Thailand’s biggest coal producer, gained 1.7 percent to 586 baht, the highest close since Nov. 8. Lanna Resources Pcl (LANNA TB) climbed 2.5 percent to 24.3 baht, the most since Nov. 14.
Thermal coal at the Australian port of Newcastle, the benchmark price for Asia, may average $120 a metric ton this year, according to the median of five analyst estimates in a Bloomberg News survey. Prices slipped 12 percent to $111.35 in 2011, the biggest annual drop since 2005 and the first since 2008, IHS McCloskey data show.
Padaeng Industry Pcl (PDI TB), Thailand’s largest zinc producer, jumped 5.7 percent to 14.8 baht, the steepest increase since Nov. 16. Zinc climbed 2.7 percent in London yesterday, the most since Nov. 30.
Quality Houses Pcl (QH TB), a Thai property developer, advanced 1.3 percent to 1.54 baht. The company was raised to “buy” from “hold” at DBS Vickers Securities (Thailand) Co., which said earnings are expected to surge this year and in 2013.
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