Thai shares set for weak start as foreigners sell

BANGKOK, Nov 4 (Reuters) - Thai stocks are likely to make a
weak start on Wednesday, with foreign fund outflows continuing
to weigh on the market and a retreat in crude oil in early
trade likely to cap any recovery in energy blue chips, analysts
said.

"I see the market probably having a cautious start, given
the easing fund flows we've seen over the past three or four
weeks," said Therdsak Taveetheeratham, an analyst with Asia
Plus Securities.

On Tuesday, the main Thai index .SETI lost 1.3 percent to
668.48, at one stage hitting 666.81, its lowest since Sept. 4,
with PTT Exploration and Production PTTE.BK sliding over 5
percent.

Foreign investors sold shares for the ninth straight
session, dumping a net 2.88 billion baht ($86.1 million) and
thereby reducing their net purchases so far this year to 50.96
billion baht.

Therdsak put support on the index at 660 and resistance at
674.

Click [TH/TRADING01] for cumulative trading value by
investor type.
----------------------MARKET SNAPSHOT @ 0157 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1045.41 0.24% 2.530
USD/JPY JPY= 90.16 -0.16% -0.140
10-YR US TSY YLD US10YT=RR 3.4708 -- 0.002
SPOT GOLD XAU= 1081.8 -0.25% -2.700
US CRUDE CLc1 79.26 -0.43% -0.330
DOW JONES .DJI 9771.91 -0.18% -17.53
ASIA ADRS .BKAS 120.04 -0.06% -0.07
-------------------------------------------------------------
MARKET SUMMARY > US STOCKS-S&P 500, Nasdaq end higher on deal
news [.N] > NYMEX-Crude falls toward $79/bbl after 2 pct
gain [O/R] > FOREX-Dollar consolidates after hitting 1-mth
highs [USD/] > Prices dip as traders prepare for supply, Fed

[US/] > Gold eases after records hit, ETF inches higher

[GOL/]

STOCKS AND FACTORS TO WATCH

- PTT Exploration and Production PTTE.BK

The company has plugged an oil well in the Timor Sea that
had leaked for over two months, creating what environmentalists
said was one of Australia's worst-ever spills. [ID:nSYD410182]

- Bank of Ayudhya (BAY.BK)

The fifth-largest lender, 33 percent owned by a unit of
General Electric Co (GE.N), said it expected 2009 net profit to
be better than the 4.9 billion baht ($147 million) it made last
year. [ID:nBKK494724]

- Thailand's cabinet approved a $1.35 billion foreign
borrowing plan for the current fiscal year that started on Oct.
1 for investing in infrastructure projects, a government
official said. [ID:nBKK516270]

- 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=33.45 Baht)
(Reporting by Ploy Ten Kate; Editing by Alan Raybould)