Thailand Stocks: Banpu, Lanna, Thoresen Thai, Union Plastic
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.
The SET Index rose 4.39, or 0.4 percent, to 1,031.93, set for the highest close since Jan. 19.
Coal producers: Crude oil for May delivery climbed to $105.75 yesterday, the highest settlement price since Sept. 26, 2008. Higher oil prices will boost demand for alternative fuels including coal.
Thoresen Thai Agencies Pcl (TTA) , the nation’s second- biggest shipping company by market value, added 1.1 percent to 19 baht. Thoresen said its Singapore-based unit, Soleado Holdings Pte., set up a joint venture to develop a new coal mine project in Indonesia.
Union Plastic Pcl (UP) , a producer of plastic products, jumped 5.4 percent to 23.6 baht, bound for the highest close since November 2003. The company will pay a cash dividend of 2 baht a share, it said in a regulatory filing.
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