March 12 (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 0.7 percent to 1,150.18, a two-week low.
Energy companies: PTT Pcl (PTT TB), Thailand’s biggest company by market value, dropped 1.4 percent to 346 baht, the lowest close since Feb. 17. Banpu Pcl (BANPU TB), the country’s biggest coal producer, declined 1.3 percent to 614 baht, the lowest since Feb. 6.
Crude oil for April delivery declined as much as 87 cents to $106.53 a barrel in electronic trading on the New York Mercantile Exchange. Lower oil prices may reduce demand for alternative fuels such as coal.
Thai-German Products Pcl (TGPRO TB), a producer of ceramic tiles, surged 22 percent to 0.28 baht, the largest increase since Aug. 17. The company signed an agreement with an investor to sell 1.18 billion shares at 0.20 baht each. It will use the 236 million baht ($7.7 million) proceeds to repay debt, according to its regulatory filing.
Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB), a rubber producer, gained 1.2 percent to 4.88 baht, the highest since Feb. 23. The company will offer one new share at no cost for every four held, it said in a regulatory filing. It will also pay a cash dividend of 0.02778 baht a share, it said.
Univanich Palm Oil Pcl (UVAN TB), a palm oil producer, dropped 1.5 percent to 99 baht, the most since Nov. 21. Investors who buy the stock today won’t be entitled for its cash dividend of 5 baht a share.
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