Thailand Stocks: Bank of Ayudhya, GFPT Pcl, Nawarat, Siam Sport
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 benchmark SET Index fell 11.22, or 1 percent, to 1,077.24, the first decline in three days.
Bank of Ayudhya Pcl (BAY) , a Thai lender controlled by General Electric Co., dropped 1.8 percent to 28 baht. The bank was cut to “neutral” from “outperform” by Thaniya Kevalee, an analyst at Credit Suisse Group AG.
GFPT Pcl (GFPT) , a chicken meat producer, lost 2.6 percent to 11.3 baht, the most since June 20. A plant in Chon Buri province was shut today following a dispute between Thai and foreign workers, GFPT said in a regulatory filing. There was “no impact” on output and orders, the company said. Production will be resumed tomorrow, it said.
Nawarat Patanakarn Pcl (NWR) , a Thai construction company, declined 2.6 percent to 0.75 baht. Investors are required to pay cash upfront before placing orders to buy shares of Nawarat, the bourse said in a statement.
Siam Sport Syndicate Pcl (SPORT) , a publisher of sports newspapers and magazines, slid 6.8 percent to 3 baht, the largest decrease since Oct. 10, 2008. Siam Sport’s stock began trading today without the right to the free offering of 81.8 million warrants, according to a June 17 statement from the company.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org.
To contact the editor responsible for this story: Darren Boey at email@example.com.