Thai share prices closed 1.11 percent higher on Tuesday on selective buying by local investors, analysts said. The Stock Exchange of Thailand (SET) index rose 8.11 points to 736.91 and the blue chip SET 50 index was up 0.61 points at 51.76. Gainers led losers 235 to 93 with 94 stocks unchanged, on trade of 4.7 billion shares worth 25.4 billion baht (661.7 million dollars). Finance and securities shares gained 1.21 percent at 1,502.71 points, while the energy sector was up 1.08 percent at 12,132.36 points.
Investors shrugged off news that Thailand's central bank had filed charges against directors and executives at state-run Krung Thai Bank (KTB) over some 11.6 billion baht (301 million dollars) in illegally approved loans.
KTB shares finished up 0.20 baht to close at 10.50 baht, and banking shares generally fared well with the banking sub-index adding 1.18 percent at 260.61 points.
Adkinson Securities analyst Ronnakrit Sarinwong said local investors were buying selective shares that helped to push the market up Tuesday.
"Local investors have switched from big-cap shares and are buying on selective shares," he said.
Bangkok Bank gained 1.00 baht to close at 112.00 baht, Siam Commercial Bank was up 0.50 baht at 51.50, but Kasikornbank lost 0.50 baht at 57.50.
Capital Nomura Securities fell 0.50 baht at 70.50, but BFIT Securities added 1.25 baht at 32.50.
PTT Plc and PTT Exploration and Production rose 2.00 baht each to 193.00 and 292.00 baht respectively.
Siam Cement closed 4.00 baht higher at 266.00, while Siam City Cement added 6.00 baht at 278.00.
Thai Airways International gained 0.25 baht at 48.25.
United Communication closed unchanged at 70.00, while Shin Corp gained 0.75 baht at 47.25.
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