Thailand Stocks: Big C, Home Product, Malee Sampran, Sansiri
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.
The SET Index (SET) rose 1 percent to 1,146.26, the highest close since July 1996.
Big C Supercenter Pcl (BIGC) , Thailand’s second-largest hypermarket operator, slid 5.7 percent to 150 baht, the most since Oct. 20 and halting a nine-day rally. Some investors sold shares to “lock in” profits from the stock’s recent gains, said Preeyanun Tripetchchuporn, an analyst at Phillip Securities (Thailand) Pcl.
Home Product Center Pcl (HMPRO) , the nation’s largest retailer of home improvement hardware, climbed 4.4 percent to 11.90 baht, a record close. Home Product is in talks with Siam Cement Pcl on a share-purchase deal, the Bangkok Post reported, citing Home Product President Khunawut Thumpomkul. There is no concrete plan in place, and talks are continuing, Khunawut told the newspaper. Khunawut was not immediately available for comment after a call to his office.
Malee Sampran Pcl (MALEE) , a beverage maker, gained 2.2 percent to 35.5 baht. Net income in 2011 doubled to 227.7 million baht ($7.5 million) from 106.4 million baht a year earlier.
Sansiri Pcl (SIRI) , a property developer, rose 4.3 percent to 1.95 baht, the highest close since February 2004. The company plans to sell as much as 5 billion baht of bonds, it said in a statement.
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