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Thai stocks recouped early losses to end higher on Friday as investors picked up energy and bank shares on easing fears about violence in the country's south, but profit-taking hit shipping firms.
The benchmark Stock Exchange of Thailand composite index closed up 6.59 points, or 1.06 percent, at 628.16 points, after hitting a two-month low on Thursday.
The big-cap SET50 rose 1.29 percent to 43.92 points.
Market turnover dropped to 16.7 billion baht ($407.7 million) from 24.9 billion baht on Thursday.
"It's quite positive when the prime minister plans to address the nation about the south situation," said BT Securities analyst Piti Ketsiri. "That should help boost foreign investor confidence."

Copyright Reuters, 2004

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