SE Asia Stocks-Thai stocks see biggest fall since June

Reuters

BANGKOK, Sept 23 (Reuters) - Thai stocks suffered their

worst drop in more than three months on Monday as investors,

including domestic institutions, locked in quick gains in

telecoms and banking stocks, while most others in Southeast Asia

posted slight losses.

The Thai SET index ended down 3.4 percent, its biggest

percentage loss in a single day since June 11, breaking below

the key 1,500 mark to a one-week closing low.

Brisk selling was seen in Shin Corporation Pcl,

True Corporation Pcl and Siam Commercial Bank Pcl

, which were among last week's outperformers.

The sell-off came after the index's 6.1 percent rally last

week which prompted profit taking by domestic funds and

so-called trigger funds, which are redeemed when the index hits

a target level, traders said.

A bout of selling hit recent gainers across the region such

as Singapore's DBS Group Holdings, Malaysia's CIMB

Group Holdings and Philippine Long Distance Telephone

.

In Kuala Lumpur, local institutions sold shares worth a net

157 million ringgit ($49.61 million) while foreign investors

bought shares worth a net 120 million ringgit ($37.92 million),

stock exchange data showed.

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SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 416.08 423.51 -1.75

Singapore 3214.25 3237.53 -0.72

Kuala Lumpur 1796.36 1801.83 -0.30

Bangkok 1436.68 1486.76 -3.37

Jakarta 4562.86 4583.83 -0.46

Manila 6477.94 6424.45 +0.83

Ho Chi Minh 479.09 477.19 +0.40

Change on year

Market Current End prev yr Pct Move

TR SE Asia Index* 416.08 424.10 -1.89

Singapore 3214.25 3167.08 +1.49

Kuala Lumpur 1796.36 1688.95 +6.36

Bangkok 1436.68 1391.93 +3.21

Jakarta 4562.86 4316.69 +5.70

Manila 6477.94 5812.73 +11.44

Ho Chi Minh 479.09 413.73 +15.80

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Stock Market Volume (shares)

Market Current Volume Average Volume 30 days

Singapore 152,754,900 272,313,503

Kuala Lumpur 125,943,600 164,420,970

Bangkok 9,290,326 8,925,452

Jakarta 3,482,981,500 4,448,665,633

Manila 80,858 92,869

Ho Chi Minh 46,168 45,624

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