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Profit-Taking Puts End to Thai Rally.

Bangkok Post (Bangkok, Thailand)

| January 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

Jan. 7--Thai shares fell 2.69 percent yesterday in a sell-off of blue-chip stocks as investors looked to take profits following nearly three weeks of steady gains.

The Stock Exchange of Thailand index closed at 769.68 points, down 21.25 points, in heavy trade worth 61.93 billion baht. The SET50 index fell 3.42 percent to 50.52 points. Leading trade were the energy sector, down 3.98 percent; banks, off 5.07 percent; and financials, up 2.22 percent.

Even with the market decline, Quality Construction Products made an impressive debut on the SET, closing at nearly double its initial public offering price of eight baht. Shares of the lightweight concrete ...

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