Thai shares jumped 4.1 per cent in value Thursday in response to falling world oil prices and an influx of foreign funds, brokers said.

The Stock Exchange of Thailand (SET) index ended at 703.87, up 27.52 points or 4.1 per cent.

Brokers attributed SET's dramatic rise, which was not seen on other Asian markets Thursday, to an influx of investments from hedge funds and short-term buyers.

"Our market is always a bit out of sync with others," said Mongkol Phuanpaetra, an analyst at Adkinson Securities. "I think investors were buying for short-term gains today."

Nearly all Asian bourses rose dramatically on Wednesday in response to the downward trend in oil prices. The SET was up a modest 1.4 per cent Wednesday.