Asia News

Thai bourse plunges 6.48%

Written by Writer on Monday, October 6th, 2008

Thai bourse plunges 6.48%

BANGKOK, Oct 6 (TNA) - The Stock Exchange of Thailand (SET) composite index dropped sharply 6.48 per cent to a five-year low on Monday as foreign investors continued unloading stocks on persisting worries whether a Wall Street bailout package could stop the global financial crisis, dealers said.

The SET index on Monday closed at 551.80, down 38.25 points or 6.48 per cent. Total turnover was thin at about Bt14.3 billion.

Large-sized market capitalisation stocks like PTT fell Bt22 to Bt204 and PTTEP was down Bt12 to Bt112.

Therdsak Thaveeteerathan, senior vice president of Asia Plus Securities, said investors, especially foreigners, were still worried about effects from US financial crisis.

Also, persisting political turbulence in Thailand was another major factor behind the plunge of the SET. (TNA)

MCOT News

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News Topics : Bailout Package, Bangkok, Bourse, Composite Index, Foreign investors, Foreigners, Global Financial Crisis, market capitalisation, Plunge, Political Turbulence, President Of Asia, PTT, Senior Vice President, Stock Exchange of Thailand, Stock Index, STOCKS, Turnover, Wall Street, Worries