Thai Stocks: Precious Shipping, Minor, PTT Exploration, Thoresen

Jan. 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 0.7 percent to 1,044.81, trimming its weekly gain to 0.8 percent.

Bulk shipping companies: Precious Shipping Pcl (PSL TB), Thailand’s biggest shipping company by market value, dropped 0.6 percent to 16.70 baht. Thoresen Thai Agencies Pcl (TTA TB) slipped 1.4 percent to 20.9 baht.

The Baltic Dry Index, a measure of shipping costs for commodities, slid 7.4 percent to 1,105 yesterday, the lowest level since Feb. 9, according to the Baltic Exchange in London.

Minor International Pcl (MINT TB), the nation’s biggest hotel operator, fell 3.4 percent to 11.4 baht, the most since Nov. 21. The U.S. Embassy warned of a possible terrorist attack in Thailand’s capital and urged citizens to exercise caution in public areas, according to a statement today.

PTT Exploration & Production Pcl (PTTEP TB), the nation’s biggest publicly traded oil explorer, lost 2.2 percent to 174.5 baht, the largest decline since Dec. 15. Crude oil fell 1.8 percent yesterday to $99.10 in New York, the lowest close since Dec. 30.

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