Thai share prices closed 0.75 percent lower on Monday, with investors taking profits amid continued concern over the global slowdown, analysts said. The Stock Exchange of Thailand (SET) composite index fell 4.54 points to close at 600.03 while the blue chip SET-50 index was down 3.82 points to 430.29.
Gainers led losers 200 to 144 and 106 stocks were unchanged on turnover of 5.8 billion shares worth 27.5 billion baht (797.1 million dollars). The Thai baht weakened against the dollar to close at 34.37-40 compared to Friday's close of 34.19-21. Against the euro, the baht rose to 47.60-70 compared to last week's close of 48.45-53. Kavee Chukitsaem, assistant managing director at Kasikorn Securities, said investors took profits in energy and bank shares.
"They are concerned about the continued global economic slowdown after data about the US job market was released (Friday), which was not as good as expected," he said. Kavee said the drop in global oil prices was also a reason for investors selling commodities stocks. Crude oil was trading at less than 68 dollars a barrel in Asia on Monday.
Among blue chips, Bangkok Bank - the country's largest bank - fell 2.00 baht to 100.00 baht, and Kasikornbank slipped 0.75 to 68.00. PTT Plc fell 2.00 to close at 229.00, and PTT Exploration and Production dropped 2.50 to 139.00. Coal miner Banpu was down 5.00 to 341.00 but Siam Cement rose 4.00 to close at 158.50.
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