Thai shares plunge

25 Jan, 2005

Thai share prices closed 0.13 percent lower on Monday as investor concerns grew over oil price rises amid a lack of fresh leads, analysts said. They said widespread declines suffered by regional shares on the day also helped to pressure investor sentiment. The Stock Exchange of Thailand (SET) index fell 0.93 points to close at 695.92 and the blue chip SET 50 index shed 0.09 points at 48.92.
Losers led gainers 179 to 104 with 101 stocks unchanged, on trade of 3.2 billion shares worth 15.4 billion baht (402.7 million dollars).
The banking sub-index dropped 0.79 percent at 244.75 points, finance and securities fell 1.06 percent at 1,411.71 points, while property rose 0.03 percent at 126.72 points.
"The market fluctuated throughout the day in a narrow swing before falling due to investor concerns over rising oil prices," BFIT Securities analyst Ekpittaya Aimkongake said, adding that local shares had moved in line with other regional markets amid a lack of fresh leads.
Bangkok Bank and Kasikornbank both lost 1.00 baht to close at 107.00 baht and 54.50 baht respectively, while Siam Commercial Bank shed 0.50 baht to finish at 49.50.
Asia Plus Securities fell 0.50 baht at 78.50, Capital Nomura Securities shed 1.50 baht at 67.50 but Kiatnakin Securities rose 1.00 baht at 35.50.
PTT Plc closed unchanged at 184.00, while Siam City Cement rose 8.00 baht at 266.00.
Thai Airways International shed 0.25 baht at 47.25, Advance Info Service closed unchanged at 109.00, and United Communication was down 0.50 baht at 68.50.

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