Thailand Stocks: Sahaviriya, Thai Airways, Wiik & Hoeglund
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 fell 9.04, or 0.8 percent, to 1,092.31.
Sahaviriya Steel Industries Pcl (SSI) , the country’s biggest steelmaker, dropped 1.4 percent to 1.38 baht, a third day of decline. Profit in the first quarter fell 82 percent to 267.2 million baht ($8.93 million).
Thai Airways International Pcl (THAI) , the country’s largest carrier, lost 3.1 percent to 39.5 baht, the largest decrease since March 15, on concern higher oil prices will boost fuel costs. Crude oil traded at a 31-month high in New York as the Federal Reserve’s renewed pledge to stimulate growth boosted speculation that fuel demand will increase.
Wiik & Hoeglund Pcl (KWH) , a producer of plastic pipes, jumped 4 percent to 1.31 baht, the most since Feb. 3. The company had net income of 1.6 million baht ($53,583) in the first quarter, compared with a net loss of 29.1 million baht a year earlier.
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