BANGKOK (Thomson Financial) - Thai share prices closed higher on Monday as
small investors chased bargains after losses last week, tracking other markets
in the region.
Major investors were absent because of the Easter holiday in many big
markets.
The Stock Exchange of Thailand (SET) composite index rose 3.96 points or
0.49 percent to 807.28. The blue-chip SET-50 gained 3.73 points at 580.63.
Gainers outnumbered decliners 162 to 133, with 139 stocks unchanged.
Turnover was 1.80 billion shares worth 8.70 billion baht.
The baht closed at a 10-year-high of 31.53-54 against the dollar, down from
Friday's 31.28-29. Against the euro, the Thai unit was quoted at 48.50-55 from
48.27-32.
"Trading in the market was quite thin today because major investors stayed
away for the Easter holiday," said Chai Chirasevenupraphand, market strategist
at Capital Nomura Securities.
Chai said the Thai market rose in line with other markets in the region.
Thailand's biggest energy firm PTT was unchanged at 312.00 baht while its
subsidiary PTT Exploration and Production rose 1.00 to 151.00. Major energy firm
Banpu gained 2.00 at 392.00.
The kingdom's largest lender Bangkok Bank advanced 3.00 to 133.00.
Thai Airways International was flat at 28.50, while Thailand's biggest
mobile phone operator, Advanced Info Service, rose 2.00 to 99.50.
afp
.
nt/nt
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|