Thailand Equity Movers: Krung Thai Bank, Italian-Thai, Sri Trang
The SET Index fell 0.5 percent to 1,032.51, dropping for a third straight session. Losses today erased the gauge’s gains for this year.
Italian-Thai Development Pcl (ITD) , Thailand’s biggest construction company, gained 1.1 percent to 3.74 baht, the highest close since Dec. 13. The company expects to sign loan agreements next year valued at $12.5 billion to develop a deepsea port, industrial complex and power plants in Myanmar, Chairman Premchai Karnasuta said.
Krung Thai Bank Pcl (KTB) , the nation’s second-biggest lender, rose 0.7 percent to 15.1 baht, the largest gain since Dec. 21. The company is seeking opportunities to expand into neighboring Myanmar, Bangkok Post reported, citing President Apisak Tantivorawong.
Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, slid 1.1 percent to 18.2 baht. Rubber retreated from a two-week high on concern that demand from China, the world’s largest consumer, may weaken on slowing economic growth and vehicle sales.
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