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SET rallies with 2.3% gain: Banks lead the way as optimism rises.

Bangkok Post (Bangkok, Thailand)

| December 08, 2005 | COPYRIGHT 2005 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: Ploy Chitsomboon

Dec. 8--Thai shares continued to rally yesterday, gaining 2.31 percent on renewed optimism over economic trends and political stability.

The Stock Exchange of Thailand index closed at 694.87 points, up 15.71, in heavy trade worth 26.45 billion baht. Bank stocks led all gainers, rising 2.87 percent for the day, while energy rose 2.56 percent and property 2.61 percent.

With gains of 5.14 percent over two days, the index is at a three-week high.

Yesterday's gains followed a 2.92 percent rally on Tuesday, when investors jumped into the market following the release of better-than-expected third-quarter economic data and expectations of eased political tensions following His ...

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Source: HighBeam Research, SET rallies with 2.3% gain: Banks lead the way as optimism rises.

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