Thailand shares decline

01 Dec, 2005

Thai share prices closed 0.32 percent lower on Wednesday after a sell-off in large energy stocks amid light trading, and the release of key economic data, dealers said.
They added the drop was not out of line with regional markets, which closed mixed following a lacklustre performance on Wall Street overnight. The Stock Exchange of Thailand (SET) composite index shed 2.15 points to 667.75 points, and the blue chip SET 50 was off 2.42 points to 467.28. Gainers outnumbered losers 153 to 132 and 102 stocks were unchanged, with 1.2 billion shares worth 9.2 billion baht (223.0 million dollars) traded.
The Thai baht remained stable against the dollar as investors awaited a European Central Bank (ECB) decision on interest rates, dealers said.
Anupon said the economic figures both from Finance Ministry and Bank of Thailand were in line with expectations and had already been factored into the market.
Thailand's current account surplus in October plunged 93 percent from a year earlier as imports expanded faster than exports due to soaring global oil prices, the Bank of Thailand said.

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