Thailand Stocks: Bangchak, Bangkok Bank, IRPC, Rasa Property
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 rose 13.58, or 1.4 percent, to 982.07.
Bangchak Petroleum Pcl (BCP TB), a state-owned oil refiner, climbed 1.7 percent to 17.8 baht, its biggest increase since Feb. 2. The company reported a full-year profit of 2.81 billion baht ($92 million) in 2010. That exceeded the median estimate of 2.39 billion baht in a Bloomberg survey of eight analysts.
Bangkok Bank Pcl (BBL TB), Thailand’s biggest lender by assets, advanced 1.3 percent to 158 baht, its highest close since Jan. 21. The bank expects lending to expand between 6 percent and 8 percent this year, President Chartsiri Sophonpanich said.
CS Loxinfo Pcl (CSL TB), an Internet service provider, jumped 6 percent to 5.3 baht, the most since Dec. 7. Net income in 2010 rose 39 percent.
IRPC Pcl (IRPC TB), the nation’s second-biggest petrochemical maker by market value, increased 2.9 percent to 5.30 baht, the steepest advance since Feb. 2. Profit in 2010 rose 14 percent.
Rasa Property Development Pcl (RASA TB), a real estate developer, jumped 13 percent to 6.35 baht, the highest close since October 2007. Profit in 2010 climbed 55 percent.
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