Thai shares set to fall on more profit-taking

BANGKOK, June 18 (Reuters) - Thai shares are likely to fall
again on Thursday after the main index hit a two-week low a day
earlier, with more profit-taking in energy shares as investors
remain cautious about the global economic outlook, analysts
said.

Wall Street closed flat, although the tech-rich Nasdaq
.IXIC gained 0.7 percent. Financial shares slipped after
Standard & Poor's cut its rating on 18 U.S. banks
[ID:nLH666378].

"We will probably see more correction although the index
has already fallen three days in a row this week," said
Veerachai Klongsamsri, an analyst with Far East Securities,
anticipating that institutions would be keen to take
end-quarter profits.

On Wednesday, the benchmark SET index .SET dipped 1.74
percent to 586.14 after touching its lowest since June 4 at
585.29, led by selling in energy blue chips .SETEN and banks
.SETB.

Click [TH/TRADING01] for cumulative trading value by
investor type.
----------------------MARKET SNAPSHOT @ 0151 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 910.71 -0.14% -1.260
USD/JPY JPY= 95.67 0.01% 0.010
10-YR US TSY YLD US10YT=RR 3.6862 -- 0.000
SPOT GOLD XAU= 940.1 0.18% 1.700
US CRUDE CLc1 71.06 0.04% 0.030
DOW JONES .DJI 8497.18 -0.09% -7.49
ASIA ADRS .BKAS 107.98 0.23% 0.25
-------------------------------------------------------------
MARKET SUMMARY > UPDATE 8-Oil rises on stock market, US
inventory data [O/R] > Nasdaq advances with tech, but banks
curb Dow, S&P [.N] > Dollar falls vs euro, as Fed hike view
undermined [USD/] > TREASURIES-Prices back off on stock
market gains [US/] > Gold turns higher on dlr drop,
investment buying [GOL/]

STOCKS AND FACTORS TO WATCH

- Big C Supercenter (BIGC.BK)

The country's second-largest hypermarket operator expects
sales growth to slow to 5-6 percent in 2009 from 9 percent last
year due to weak consumer spending, but a senior executive said
the second quarter gave grounds for optimism. [nBKK350798]

- Thailand's government proposed a budget for 2009/2010
that aims for a lower deficit, although some stimulus spending
to help pull the economy out of recession has been kept out of
the normal fiscal framework. [nBKK425623]

- For the Thai press digest click on [PRESS/TH]

- 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=34.13 Baht)
(Reporting by Ploy Chitsomboon; Editing by Alan Raybould)