Thai Hot Stocks-Index down 2.8 pct on global economic worries

(Updates index)

BANGKOK, Nov 11 (Reuters) - Thailand's benchmark stock
index .SETI was down 2.8 percent at 443.50 at 0920 GMT on
Tuesday in thin turnover of 7.84 billion baht ($224 million).

Asian markets were hit by selling of blue-chip stocks due
to intensified fears of a global economic downturn, dealers
said.

"For the Thai market, we've got not only the effect of the
global economic troubles, but political uncertainty has added
to the gloom," Far East Securities senior analyst Veerachai
Klongsamsri said.

Stocks on the move included:

ADVANCED INFO SERVICE ADVA.BK DOWN AFTER Q3 RESULTS

Thailand's top mobile phone operator fell 1.8 percent to 82
baht even though it reported a 29 percent rise in quarterly
earnings on Tuesday as it attracted more subscribers.

Morgan Stanley said in a research note it retained its
overweight rating on the company after its strong quarterly
earnings, given its defensive nature on earnings and high
dividend yield.

However, analysts expect earnings growth for many of Asia's
telecom firms to slow in coming quarters as they feel the
impact of weaker consumer spending and a general economic
slowdown, which are starting to plague companies worldwide.
[nBKK68160]

0736 GMT

THAICOM THCOM.BK UP AS Q3 NET LOSS BELOWS FORECASTS

Thailand's only satellite operator rose 2.3 percent to 2.70
baht after it reported a smaller-than-expected net loss in the
third quarter to 115 million baht. [nBKK000550]

0737 GMT

THAI OIL TOP.BK DOWN AFTER Q3 NET LOSS

The top refiner dropped 2.7 percent to 21.90 baht after it
reported its first quarterly net loss since listing in 2004,
hurt by inventory losses and weak refining margins as a result
of falling crude prices. [nBKK371348]

Kasikorn Securities said in a research note it might lower
its net profit projections again after the firm reported a
larger-than-expected net loss in the third quarter.

0737 GMT

ENERGY FIRMS .SETEN DOWN AS OIL PRICES DROP

Other energy stocks were also lower after world oil prices
fell 3 percent to near $60 a barrel due to a firmer dollar and
renewed gloom over the global economy.

Top oil and gas firm PTT PCL PTT.BK was down 1.7 percent
at 0738 GMT, while PTT Exploration and Production PTTE.BK was
nearly 2 percent lower.

- For the Thai press digest click on [ID:nBKK357478]

- For Thailand's IPO diary click on <TH/IPOMENU>

- For Thailand's stock exchange news click on [TH-SET]

- For Thailand corporate earnings: [TH-RES-RTRS]

- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=34.93 Baht)
(Reporting by Arada Therdthammakun; Editing by Alan Raybould)