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Bearish Tone Prevails in Thailand with Equities Falling to New Low for Year.

Bangkok Post (Bangkok, Thailand)

| May 07, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Krissana Parnsoonthorn

May 7--Thai shares fell 1.57 percent yesterday in a heavy sell-off on investors' concerns over the economic impact caused by higher oil prices, the violence in the deep South and an expected faster-than-expected rise of interest rates.

The Stock Exchange of Thailand index closed at 634.01 points, down 10.09, in trade worth 15.48 billion baht. Leaders in the loss column were the banking sector, which fell 0.85 percent; transportation, down 3.94 percent; and energy, off 1.05 percent.

Analysts agreed that the bearishness continued with several negative factors affecting market sentiment. The SET hit a new low in 2004 ...

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Source: HighBeam Research, Bearish Tone Prevails in Thailand with Equities Falling to New Low...

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