May 29, 2008
Bangkok - The Thai stock index fell more than 10 points this morning after coup rumors while the government feared soldiers would interfere in the political situation.
The index has continuously dropped since yesterday as foreign investors sold off their shares for fear the military coup would happen again.
The coup rumors were said to travel as far as Hong Kong and Singapore.
Selloffs were hugely seen in the big-cap stocks while the downturn of the stock market came as the index passed the significant support.
The 6% GDP tends to help reduce the political pressure.
The index dropped 10.86 points to 822.13 before noon. The Thai stock market seemed to suffer from soaring oil prices apart from the political situation.
PTTEP share buying was made in the last twenty minutes of the trading, helping bring the index up to 828.44.
The trading volumes valued more than 13 billion baht.
