Thailand Stocks: Padaeng Industry, Sri Trang, Thai Vegetable Oil
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 fell 0.5 percent to 962.63, a second day of losses.
Padaeng Industry Pcl (PDI) , the nation’s biggest zinc producer, lost 0.8 percent to 12.30 baht. Zinc futures fell as much as 3.8 percent to $1,860.50 on the London Metal Exchange today, extending yesterday’s 3.3 percent loss.
Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, dropped 2.2 percent to 17.6 baht, the most since Nov. 1. Rubber in Tokyo plunged to the lowest level in 18 months as flooding in Thailand continues to cut automobile output, curbing demand for the raw material used in auto tires.
Thai Vegetable Oil Pcl (TVO) , the country’s biggest soybean supplier, fell 1.2 percent to 16.4 baht, dropping for a second day. Soybeans dropped to a one-month low after Italy’s borrowing costs surged, prompting investors to seek safer assets including the dollar and raising concern that food demand may slow.
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