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Byline: Nuntawun Polkuamdee
Mar. 5--Thai share prices yesterday surged 2.72 percent to a 23-month high on the back of a region-wide rally following last week's gains on Wall Street.
Morning buying yesterday was also supported by speculation that the Bank of Thailand could cut its key 14-day repurchase rate.
While the Monetary Policy Committee kept short-term interest rates unchanged at 2 percent, sentiment in the equity market remained upbeat.
The Stock Exchange of Thailand index closed at 391 points, up 10.35 points, in heavy turnover worth 21.13 billion baht, a 14-month high.
Leading gains yesterday were finance shares, which ...
Source: HighBeam Research, Thai Stocks Climb to 23-Month High.