Thailand Stocks: Home Product, Krungthai Card, Sri Trang Agro

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:31 a.m. in Bangkok.

The SET Index rose 0.7 percent to 1,223.25, headed for the highest close since May 8.

Home Product Center Pcl (HMPRO TB), Thailand’s largest retailer of home-improvement hardware, climbed 2.5 percent to 12.40 baht, poised for the steepest increase since June 29. Net income in the second quarter probably jumped 25 percent from a year earlier to 573 million baht ($18.1 million) on strong demand following last year’s floods, Suttatip Peerasub, an analyst at Maybank Kim Eng Securities (Thailand) Pcl, said in a note today.

Krungthai Card Pcl (KTC TB), a credit card company, gained 1 percent to 19.40 baht, on course for the highest close since May 2. The company plans to sell 6 billion baht of bonds for debt repayment and loan expansion, it said in an e-mailed statement today.

Sri Trang Agro-Industry Pcl (STA TB), the nation’s largest rubber producer, rose 1.3 percent to 15.20 baht, bound for the highest close since June 19. Rubber futures advanced as much as 3.6 percent on the Tokyo Commodity Exchange.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE