Bangkok  - Thai shares jumped 5.39 per cent in value Monday on regional and European rebounds as confidence returned somewhat to equity markets.

The Stock Exchange of Thailand (SET) index ended at 476.33, up 24.37 points or 5.39 per cent.

"The market was up in keeping with other bourses in Asia and Europe," said Phuwadol Larpudomsuk. "It had nothing to do with domestic politics."

Thailand's stocks have been hit by a double whammy of political instability and the global financial meltdown.

The political scene was calmed Monday when the anti-government People's Alliance for Democracy (PAD) shelved a street protest they had planned. (dpa)