Bank stocks dive on FIDF woes | Bangkok Post: business

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Bank stocks dive on FIDF woes

Despite improving share market sentiment worldwide, Thai banking stocks nosedived yesterday on the potentially worrisome impact of the debate over whether responsibility for the liabilities of the Financial Institutions Development Fund (FIDF) should be transferred to the Bank of Thailand.

The SET index yesterday closed at 1,036.8 points, up by 0.59 points or 0.06 % from the previous day in trade worth 26.4 billion baht.

Kasikornbank (KBANK) was the SET's top loser at 4.17%, closing at 115 baht, down five baht, in trade worth 2.16 billion baht.

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About the author

columnist
Writer: Darana Chudasri
Position: Business Reporter

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