Thai share prices closed 4.73 percent lower on Thursday following a slump on Wall Street, dealers said. The Stock Exchange of Thailand (SET) composite index fell 26.16 points to close at 526.55, while the blue chip SET-50 index plunged 20.28 points to 373.26.
Gainers overwhelmed losers 346 to 54 and 62 stocks closed unchanged on turnover worth 29.9 billion baht (867.54 million dollars). The baht weakened against the dollar, finishing at 34.55-59 baht from Wednesday's 34.48-50. But the unit strengthened against the euro to 47.00-10 from 47.21-24.
Kavee Chukitkasem, assistant managing director at Kasikorn Securities, said the Thai market fell with regional markets following an overnight Wall Street tumble. "Investors are concerned that a global economic recovery will be slower than expected after weak US reports," he said. He said energy shares led in trading as oil prices sank.
Thailand's top energy firm PTT Plc dropped 14.00 baht to 208.00 baht, while subsidiary PTT Exploration and Production fell 9.50 to 115.00. Coal producer Banpu plunged 16.00 to 296.00. Bangkok Bank closed 2.75 lower at 85.75. Siam Cement fell 5.50 to 124.00 but Thai Airways International edged up 0.10 to 17.10.
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