Thai share prices closed 0.33 percent lower on Thursday on profit taking following two days of sharp gains, which were partially fuelled by stronger than expected economic growth, dealers said.
They said the decline was in line with regional markets which fell after Wall Street swung lower in a continued correction, with sellers gaining momentum in afternoon trade amid a slump in Tokyo.
The Stock Exchange of Thailand (SET) composite index dropped 2.29 points to 692.50 and the blue chip SET 50 index was off 1.63 to 488.21.
Losers outnumbered gainers 197 to 105 and 113 stocks were unchanged with turnover of 3.0 billion shares worth 19.0 billion baht (460.3 million dollars) traded.
The Thai baht remained stable and closed Thursday at 41.25-28 baht to one dollar against 41.32-35 a day earlier. Against the euro it closed at 48.50-74 baht to one compared to Wednesday's 48.51-57.
"It's just normal profit taking following the rallies in the past two days, but the blue chips managed to recover in the late session and helped offset earlier losses," Anupon Sri-ard, chief analyst at BFIT Securities said.
The banking sector closed down 1.02 percent, energy was up 0.17 percent while communications fell 0.05 percent.
Bangkok Bank shed 1.00 baht to 103.00, but Kasikornbank added 0.50 to 66.00 while Siam Commercial Bank dipped 1.00 to 50.00.
Siam Cement stayed put on 234.00, but PTT rose 2.00 while PTT Exploration and Production fell 4.00 to 464.00.
Thai Airways International edged down 0.75 to 41.75.
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