The Thai stock market fell 2.65 percent on Monday due to profit taking after recent gains, an analyst said. The Stock Exchange of Thailand (SET) composite index lost 16.63 points to close at 611.92, and the blue chip SET-50 index was down 12.83 points to 441.78. Losers overwhelmed gainers 319 to 52 and 77 stocks were unchanged with turnover of 3.4 billion shares worth 22.9 billion baht (674.7 million dollars).
The Thai baht fell against the dollar, closing at 34.19-21 from Friday's close of 34.10-13. But it rose against the euro to close at 47.34-43 compared with 47.80-89 on Friday. "Investors took profits after the market made heavy gains over the past two weeks," said Thanomsak Saharatchai, an analyst from Capital Nomura Securities.
Energy giant PTT Plc dropped 11.00 baht to close at 247.00 baht, while its subsidiary PTT Exploration and Production lost 5.50 to 140.50. Bangkok Bank dropped 3.00 to close at 107.00 and Kasikornbank lost 3.25 to finish at 68.00, while Siam Commercial Bank was 3.00 lower at 74.50. Siam Cement fell 5.50 to 154.00 and coal producer Banpu fell 6.00 to 363.00.
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