Thai shares down on numerous factors

At noon, the Stock Exchange of Thailand Index lost 11.41 points or 0.89 per cent to 1,273.51 points. On Friday when it turned out that Jasmine International Group and True Corp won the two new 4G licences, it lost 1.94 per cent. The high prices of the licences, at Bt152 billion - against Bt80 billion in the last auction, pressured telecom stock prices and market sentiment. 

Tisco Securities noted that if the SET index ended below 1,280 points today, no recovery would be anticipated in the remaining days of the year. The index could end the year at 1,268 points, its analysts viewed.

Global stock markets have remained cool to the US Federal Reserve's decision to hike its rates. Yet, further drops in oil prices, now below US$38 per barrel, concerned investors of the global economic condition.Oil prices have sunk more than 60 per cent from above $100 in summer 2014 and are now at levels not seen since the financial crisis.