Thai shares recover intraday loss

By The Nation

Thai shares recouped some intraday losses on Tuesday, to end the day at 596.54 points or a loss of only 4.75 points on brisk turnover of Bt21 billion.

In the morning, it tumbled 2.94 per cent in the morning session, trailing the slump in US and European shares on Monday after the Congress voted down the US$700 billion bailout plan. The Stock Exchange of Thailand Index lost 17.70 points to end the morning session at 583.59 points. Turnover was Bt11.96 billion.

The mid-day closing was the lowest since September 2003.

Dealers attributed the sell-off to foreign sales, as reflected through the higher volume than in the past days. Share prices could fall further in the afternoon session, with 565-570 points as the resistance level, they said.

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Thai shares recover intraday loss

Thai shares recouped some intraday losses on Tuesday, to end the day at 596.54 points or a loss of only 4.75 points on brisk turnover of Bt21 billion.

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