Thai Hot Stocks-Index pares loss after GDP forecast

(Updates index)

BANGKOK, Oct 29 (Reuters) - Thailand's stock index .SETI
was down 2.06 percent at 689.43 at 0813 GMT on Thursday,
recovering a little ground after the Bank of Thailand
announced
more positive economic forecasts. [nBKT003120]

Earlier in afternoon trade, the index slid 2.6 percent to
685.39, its lowest since Oct. 15. The fall was in line with
most regional markets.

Turnover was relatively thin at 15 billion baht ($448
million).

Stocks on the move include:

ENERGY STOCKS .SETEN LEAD FALL ON LOWER OIL

The energy sub-index led declines, falling 2.8 percent,
with PTT PTT.BK, top oil and gas firm, losing 3.2 percent to
243 baht after hitting 242 baht, its lowest in almost two
months.

PTT Exploration and Production PTTE.BK edged down 3.3
percent at 146.50 baht and top refiner Thai Oil TOP.BK was
2.3 percent lower at 42.75 baht.

Analysts said investors took profits from oil recent's
rally.

Oil prices CLc1 fell towards $77 a barrel, extending the
previous session's decline of 2.6 percent, on concerns over the
pace of economic recovery. [ID:nSYD349136]

By 0541 GMT, light crude was down 14 cents at $77.32 a
barrel.

0542 GMT

TOTAL ACCESS COMMUNICATION DTAC.BK FALLS AFTER RESULTS

The number two mobile phone operator eased 2 percent to
37.75 baht after reporting an 11 percent fall in net profit,
hurt by a weak economy, but it beat market forecasts.
[ID:nBKK111628]

0403 GMT

THAI AIRWAYS THAI.BK AT TWO-WEEK LOW

National carrier lost 2.4 percent to 20.4 baht, its lowest
since Oct. 16. Australia's competition regulator has started
court action against the Thai carrier as part of an
investigation into alleged price-fixing in the air cargo
industry. [ID:nSYU008956]

0403 GMT

BANGCHAK PETROLEUM BCP.BK AT TWO-WEEK LOW

The oil refiner fell 2.1 percent to 13.7 baht, its lowest
since Oct. 16, after it said its average refining margin,
excluding the impact from its oil inventory, should be at
around $5-6 a barrel in 2010 versus $7-8 in 2009.

0404 GMT

SIAM INDUSTRIAL CREDIT SICC.BK HITS 3-YEAR HIGH

The financial firm surged 6 percent to 5.3 baht, earlier
hitting 5.6 baht, its highest since November 10, 2006.

A newspaper quoted a commercial bank source as saying South
Korea's KB Kookmin Bank was among interested buyers for a 38.65
percent stake in the financial firm that major shareholder Siam
Commercial Bank wanted to sell.

Broker Finansia Syrus said in a research note it expected
the acquisition price to be lower than 1.5 times SICCO's
estimated book value of 6.45 baht.
0407 GMT

SAHAVIRIYA STEEL SSI.BK UP AHEAD OF RESULTS

The country's biggest hot-rolled coil maker gained 2.3
percent to 1.3 baht ahead of quarterly results expected later
in the day.

Four analysts polled by Reuters had an average third
quarter net profit forecast of 920 million baht for the steel
firm, reversing from a net loss last year, helped by rising
product prices.

0408 GMT

- 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=33.48 Baht)
(Reporting by Ploy Ten Kate and Viparat Jantraprap; Editing by
Alan Raybould)