SET closes down 4.1% at midday as authorities at meeting

Bank of Thailand governor Tarisa Watanagase on Thursday had lunch with the SET chairman Vijit Supinit, SET president Patareeya Benjapolchai, and deputy governor Bandid Nijathaworn. 

Tarisa said that the central bank is currently keeping an eye on the capital flows. She also dismissed the rumour that the BOT would remove 30-per-cent reserve requirement.

Patareeya said the SET won't introduce any measure to relief the stock market plunge. She said brokers as well as asset management firms should suggest investors to choose good fundamental stocks and not to panic.

Vijit said the stock market plunge will be temporary as foreign investors are expected to return to the market soon.

The most active stock was PTT falling 3.65 per cent to Bt264, while Thoresen Thai Agencies was down 9.83 per cent to Bt41.25. Banpu fell 6.15  per cent to Bt244, while Rayong Refinery was down 2.2 per cent to Bt22.2. - The Nation

Anoma Srisukkasem