BANGKOK, July 13 (Reuters) - Thailand's benchmark stock
index .SETI was down 0.69 percent at 562.12 at 0336 GMT on
Monday. It slid more than 1 percent in early trade to 558.37,
its lowest level since May 28.
Stocks on the move included:
ENERGY SHARES .SETEN HIT EIGHT-WEEK LOW
Heavyweight energy stocks .SETEN extended falls, down 1.1
percent to their lowest since May 18, led by a 1.4 percent fall
in leader PTT PCL <PTT.BK.
At 0332 GMT, crude oil for August delivery CLc1 was down
47 cents at $59.42 a barrel amid growing concern about the pace
of the global economic recovery and its impact on world energy
demand. [nSYD481198]
BANKS .SETB DOWN ON Q2 RESULTS WORRIES
Top lender Bangkok Bank BBL.BK underperformed the banking
subindex and its peers, falling 3.25 percent to 96.75 baht.
Number two Krung Thai Bank KTB.BK dropped 1.8 percent and
third-ranked Siam Commercial Bank SCB.BK edged down 1.15
percent.
Most major Thai banks will launch quarterly earnings from
late this week. They are likely to report a slight decline in
their net profit with the economy in recession. Sluggish loan
demand, falling net interest margins and higher provisions
threaten their performance, analysts said.
- 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=34.11 Baht)
(Reporting by Arada Therdthammakun; Editing by Alan Raybould)
