Thai share prices closed 1.14 percent lower on Tuesday as other regional stocks also dropped and investors locked in profits in big cap energy and banking shares, dealers said. They said investors were waiting for Wall Street's reopening after the three-day holiday weekend in the United States, as well as for new US economic data set to be released later in the day.
The Stock Exchange of Thailand (SET) composite index lost 9.33 points to 810.86 and the blue chip SET 50 index declined 7.68 points to 585.28. Losers overwhelmed gainers 235 to 75, with 132 stocks unchanged on turnover of 2.1 billion shares worth 14.4 billion baht (419 million dollars). The Thai baht eased slightly against the dollar, closing at 34.30-31 from Monday's 34.29-30. Against the euro, the Thai currency was quoted at 46.61-69 from 46.77-82.
Pichai Lertsupongkit, senior vice president of Thanachart Securities, said the index fell on profit taking as investors chased gained in big-cap stocks following two-day gains.
"Trading volume was low without new leads and investors were cautious as the US markets are set to reopen on Tuesday and the latest economic data will be released," Pichai said. "Any indication that the US economy is not sinking could boost the market sentiment," he added.
Thailand's top energy firm PTT dropped 4.00 baht to 308.00 and its unit PTT Exploration and Production also lost 4.00 to 121.00. Top lender Bangkok Bank was down 3.00 to 117.00. Thai Airways International edged down 0.25 to 43.50. The kingdom's largest mobile phone operator Advanced Info Service also shed 1.00 to 92.00.
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