Wednesday, 26 September 2012

Yahoo! Philippines News - Latest Philippines News & International News Headlines: SE Asia Stocks-Mostly down; Bank of Ayudhya block sales drag Thai index

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SE Asia Stocks-Mostly down; Bank of Ayudhya block sales drag Thai index
Sep 26th 2012, 10:21

BANGKOK, Sept 26 (Reuters) - Most Southeast Asian stockmarkets fell on Wednesday, tracking larger regional markets amidconcerns about debt problems in Europe, with Thailand hitting aone-week low after General Electric's block sales of Bankof Ayudhya. Shares in Bank of Ayudhya shed 7.5 percent, their biggestone-day loss in a year, pulling the Thai benchmark index down 1 percent at 1,274.50, the lowest close since Sept. 18. General Electric sold a 7.6 percent stake in Bank of Ayudhyain a block trade to institutional investors, cutting its sharein the bank to 25.3 percent. ...

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