French banks become latest market headache | Bangkok Post: business

STOCKS

Equity markets were volatile yesterday amid the debt crisis in Europe as the problem spread to banks, with two of France's largest receiving downgrades.

Thai shares began the day by diving 25 points to a low of 1,011.58, then rebounded in the afternoon to close at 1,022.96, down 8.71 points, in trade worth 29.18 billion baht, the fourth decline in as many days.

Foreigners were net sellers of 3.52 billion baht, for an accumulated 7.47 billion baht in the first three days of the week. Brokers were net buyers of 1.77 billion baht. Institutions were net sellers of 1.66 billion baht and retail investors were net buyers of 3.42 billion baht.