- Golden tropical hardwoods, marble and granite from world-renowned quarries, traditional ceramics and handicrafts silk from Thailand surround you on every side.
Visit Falcon Hill, Hua-Hin
|
|
BANGKOK, Jan 5 - The Stock Exchange of Thailand (SET) composite index plunged sharply on opening Friday on investor jitters over Sunday's bombings here, rumours on a new coup and on last month's foreign capital requirement imposed by the central bank, a senior analyst said.
Adisak Kammool, senior market analyst of KGI Securities (Thailand), said investors sold large market capitalisation stocks on concerns of reports of another coup in Thailand and on worries that the SET index had fallen below the strong technical level of 650 points.
The SET index declined during the past two days, since the market reopened after the long New Year holiday, due chiefly to worries over bomb attacks in Bangkok on Sunday continued falling Friday morning.
By 11.37 am, the SET index declined 13.07 points to 635.15. Turnover was about Bt6.57 billion (about US$183 million).
Mr. Adisak said foreign investors were expected to continue selling due to these negative factors and that the SET index in January could continue retreating and test at 587 points.
"Foreign investors are selling on worries about the bombing situation here, which they believe could spread to other Asian countries," Mr. Adisak said. (TNA)
|
