Thai share prices closed 0.70 percent lower on Tuesday on profit-taking after gains in morning trade in choppy trade amid anxiety over the prospect of a US interest rate rise, dealers said. The Stock Exchange of Thailand (SET) composite lost 4.78 points to 681.54 and the blue chip SET 50 index was down 3.40 points at 481.91.
Losers led gainers 179 stocks to 117 with 95 unchanged in heavy trade of 3.1 billion shares worth 16.9 billion baht (409 million US dollars) Arunrat Jiwangkoon from Siam City Securities said the market fluctuated all day as investors bought big-cap shares including banking and energy sectors before profit-taking.
"They also are waiting to see if the US Federal Bank (meeting overnight Thailand-time) increases interest rates," she said.
Major indicies closed lower, led by communication which fell 2.16 percent to 99.08, finance and securities lost 1.08 percent to 1,122.55, banking edged down 0.67 percent to 238.07 and energy shed 0.04 percent to 14,321.46.
Bangkok Bank and Kasikornbank both lost 0.50 baht to 98.50 and 58.00 respectively while Siam Commercial Bank closed unchanged at 49.00 baht. Capital Nomura Securities shed 0.25 at 45.25. Siam Cement and Siam City Cement both fell 4.00 at 224.00 and 272.00 respectively.
PTT was unchanged at 238.00 but its subsidiary PTT Exploration and Production was down 4.00 at 426.00. Advance Info Service plunged 3.00 baht at 103.00, United Communication shed 0.25 to 40.50 while Thai Airways International was unchanged at 40.75.
Comments
Comments are closed.