October 28, 2008
Bangkok - Trading on the Stock Exchange of Thailand (SET) was still positive this morning though regional stock markets mostly declined.
Concerns over sluggish economy were caused by global financial crisis.
The stock index increased 7.70 points when the market opened this morning. The index gradually fell to 389.88 points. Trading volumes were more than 3.5 billion baht.
Circuit-breaker was yesterday applied when Thai shares plummeted ten percent, starting the second 30-minute trading suspension in less than a month.
Analysts viewed the index rebound would only be in the short run.
The index yesterday hit the lowest record in the five-year-five-month round, reaching 387.43 points.
Asia Plus Securities analyst said Thai stock market would drop in line with overseas stock markets.
Thai shares were expected to swing between 350-400 points.
