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4 years ago
STOCKS NEWS THAILAND-Thai stocks drop 3 pct after Fed hints at slowing bond buying
June 20, 2013 / 3:42 AM / 4 years ago

STOCKS NEWS THAILAND-Thai stocks drop 3 pct after Fed hints at slowing bond buying

Thai stocks fell as much as 3 percent to their lowest in one
week amid global share selloffs after the U.S. Federal Reserve
signaled a slowing of the stimulus program by this year end.
    At 0327 GMT, the Thai benchmark SET index was down
2.5 percent at 1,401.88, in line with others in Southeast Asia.
Indonesian shares slid 2.6 percent and Philippine shares
 plunged almost 3 percent.
    "We estimate foreign investors will keep taking profit in
emerging markets, but with lighter net sales volumes," said
broker Maybank Kim Eng Securities.
    Large caps and banking stocks were heavily sold, led by a
4.2 percent loss in shares of Kasikornbank Pcl and a 4
percent drop in shares of CP All Pcl.
    The stock exchange reported net foreign selling of shares
worth about $100 million over the past two sessions.
    Click for trading value by investor type.
    1027 (0327 GMT)
    (Reporting by Viparat Jantraprap in Bangkok; Editing by
Supriya Kurane)
    
 ----------------------MARKET SNAPSHOT @ 0327 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 SET INDEX                        1401.88     -2.49%   -35.820
 SET 100 INDEX                    2072.48     -2.66%   -56.630
 SET 50 INDEX                     935.28      -2.61%   -25.040
 SET 50 INDEX FUTURES<0#S50:>     921.8       -3.75%   -35.900
 SET ENERGY                       19815.21    -1.96%  -396.900
 SET BANK                         507.52      -3.37%   -17.690
 SET TELECOMS                     228.38      -2.38%    -5.570
 SET PROPERTY                     282.12      -3.71%   -10.870
 SET FINANCE                      1744.6      -2.05%   -36.490
                                  VOLUME    TURNOVER          
 SET TRADING VOLUME               2585713   12724652     X1000
 -------------------------------------------------------------

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