(Adds DTAC, banks)
BANGKOK, July 8 (Reuters) - Thailand's benchmark stock
index .SETI was down 1.74 percent at 573.30 at 0811 GMT on
Wednesday.
The index slid more than 2 percent at one stage, hitting
its lowest level since June 23, after the market reopened
following a two-day public holiday.
Stocks on the move included:
TOTAL ACCESS DTAC.BK UP ON 2009 REVENUE HOPES
Shares in the country's second-largest mobile phone
operator rose 2.3 percent to 33.25 baht after the company told
Reuters its 2009 revenue should be similar to last year's,
helped by cost cutting, and strong growth in data services
would help offset falling roaming revenue. [nBKK248591]
BANKS .SETB DOWN ON WEAK Q2 PROFIT OUTLOOK
Top lender Bangkok Bank BBL.BK dropped 2.83 percent to a
two-week low of 103 baht, number two Krung Thai Bank KTB.BK
fell 1.16 percent to 8.50 baht, third-ranked Siam Commercial
Bank SCB.BK dipped 2.84 percent, and number four Kasikornbank
KBAN.BK edged down 2.31 percent.
KGI Securities said in a note it expected to see poor
second-quarter results in the banking sector, with the economy
in recession, but there should be signs of recovery, with loan
growth picking up, from the second half.
0745 GMT
ENERGY SHARES .SETEN DOWN
Index heavyweight energy stocks .SETEN led the market
fall, down nearly 3 percent after world oil prices fell towards
$62. [nSP435918]
PTT PCL PTT.BK, the country's largest energy firm,
dropped 3.08 percent to a two-week low of 220 baht, PTT
Exploration and Production PTTE.BK shed 3.5 percent to 122.50
baht, and top refiner Thai Oil TOP.BK fell 4.48 percent to 32
baht, its lowest since April 30.
0327 GMT
PTT CHEMICAL PTTC.BK UNDERPERFORMS THE SECTOR
Shares in Thailand's largest olefins maker slumped 7.7
percent to 44.75 baht, well below a 5.25 percent fall in the
petrochemical sector .SETPT, due to lower fuel prices.
0338 GMT
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- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=34.09 Baht)
(Reporting by Arada Therdthammakun; Editing by Alan Raybould)
