Thai stocks down 2.74 per cent on profit-taking
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Bangkok - Thai shares lost 2.74 per cent in value Friday on a wave of profit-taking, prompted in part by worries about political instability, analysts said. The Stock Exchange of Thailand (SET) index ended at 566.03, down 15.96 points or 2.74 per cent. "Institutional investors were selling, which prompted local investors to take profits while they could," Asia Plus Securities analyst Daechakorn Larpudomsuk said. "Also there are worries about more political instability in coming weeks," he added. Several politically-sensitive trials are coming up later this month, including the case of fugitive former premier Thaksin Shinawatra's seized assets worth about 2 billion which starts on July 16.
Copyright DPA
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