Thai share prices closed 0.79 percent lower on Thursday amid ongoing concerns over a domino effect on global financial markets, dealers said. They said the Thai market moved in line with other regional markets, falling sharply in the morning and rebounding later, still remaining in the negative zone.
The Stock Exchange of Thailand (SET) composite index lost 4.76 points to close at 600.38 points, while the blue chip SET-50 index slipped 1.53 points to 419.19. Losers overwhelmed gainers 305 to 82, with 74 stocks unchanged on turnover of 3.27 billion shares worth 18.76 billion baht (549.90 million dollars). The Thai currency strengthened against the dollar and closed at 34.10-12 baht from Wednesday's 34.29-31 baht.
Thailand's top energy firm PTT was unchanged at 214.00, while its subsidiary PTT Exploration and Production rose 4.00 to 126.00. Banpu, a major coal miner, gained 2.00 to 296.00. The country's biggest lender Bangkok Bank edged up 0.50 to 100.00. Kasikornbank rose 0.50 to 61.00, while Siam Commercial Bank was unchanged at 67.00. Thai Airways shed 0.30 to 13.40, while Siam Cement lost 2.00 to close at 133.00.