Thai share prices closed 0.58 percent lower on Tuesday in moderately heavy trade as foreign investors took profits in large capitalisation stocks, dealers said. They warned that the market decline may have further to go as downward pressure from profit-taking may last for the next few sessions.
The Stock Exchange of Thailand (SET) index lost 4.06 points to close at 691.97 and the blue chip SET 50 index was down 0.35 points to 48.75.
Losers led gainers 171 to 134 with 97 stocks unchanged, amid trade of 5.0 billion shares worth 22.6 billion baht (572.5 million dollars).
Sub-indices closed mixed, with the banking sector falling 1.10 percent to 248.21 points, but finance and securities rose 0.16 percent to 1,433.82.
Energy shares lost 1.26 percent to 11,299 and transportation shed 0.09 percent at 142.02, while telecommunications added 0.28 percent at 111.55.
"Foreign investors continued taking profits in large-cap stocks like banking and energy for the second consecutive day," said Sukit Udomsirikul from APEX Securities.
Bangkok Bank dropped 2.00 baht at 109.00 baht, Kasikornbank closed 1.50 baht lower at 55.00 and Siam Commercial Bank lost 0.75 baht at 49.75. Tisco Securities and Kiatnakin Finance Securities both rose 0.75 baht to close at 27.00 and 39.00 respectively.
PTT Plc fell 3.00 baht at 176.00 and PTT Exploration and Production fell 4.00 baht at 292.00.
UCOM closed unchanged at 68.50, but Shin Corp rose 0.25 baht to 42.50.
Thai Airways International closed 1.00 baht lower at 48.00, while Advanced Info Service closed unchanged at 111.00 baht.
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