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Thailand Stocks: Banpu, Charoong, PTT, Jasmine International

March 13 (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 rose 0.3 percent to 1,153.56, the first advance in three days.

Energy companies: PTT Pcl (PTT TB), Thailand’s biggest energy company, dropped 1.2 percent to 342 baht, the lowest close since Feb. 16. Banpu Pcl (BANPU TB), the country’s biggest coal producer, lost 2 percent to 602 baht.

Crude oil for April delivery declined 1 percent to $106.34 a barrel on the New York Mercantile Exchange yesterday, the lowest settlement since March 7. Lower oil prices may reduce demand for alternative fuels such as coal.

Charoong Thai Wire & Cable Pcl (CTW TB), a maker of electrical wires and cables, jumped 9.6 percent to 8 baht, the most since November 2010. The company will pay a dividend of 0.50 baht a share, it said in a regulatory filing today.

Jasmine International Pcl (JAS TB), an Internet service provider, gained 7.1 percent to 2.70 baht, the highest close since Aug. 23. The company was upgraded to buy from sell by Siriporn Arunothai, an analyst at Thanachart Securities Co., to reflect rising demand for its services. The analyst also raised the share-price estimate to 3.20 baht from 2.40 baht.

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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