Thailand Stock Movers: Bangpakong, Dusit Thani, Pranda Jewelry
The SET Index (SET) slid 0.1 point, or less than 0.1 percent, to 1,203.91, falling for a second day. The gauge has risen 17 percent this quarter, the best start to a year since 2002.
Bangpakong Terminal Pcl (BTC) , a cargo company, rose 2.8 percent to 0.37 baht. Bangpakong plans to sell 15.9 percent of its Platinum Container Lines Co. unit, it said in a regulatory filing.
Dusit Thani Pcl (DTC) , a hotel operator, declined 2.2 percent to 34 baht. Dusit will stop hiring new workers because a planned increase in Thailand’s minimum wage will increase costs, Post Today reported, citing Chief Executive Officer Chanin Donavanik. A call to the company’s office in Bangkok wasn’t answered.
Pranda Jewelry Pcl (PRANDA) , a jewelry producer, rose 0.8 percent to 6.45 baht. The company’s first-quarter revenue will exceed last year’s because of strong demand in Asian markets, Krungthep Turakij reported, citing Chief Financial Officer Sunanta Tiasuwan. A call to the company’s office in Bangkok wasn’t answered.
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