SET dips after touching 19-year high
- Published: 1 Mar 2013 at 16.58
- Online news:
Thai stocks hit a 19-year high before easing back on Friday as global factors, notably concern about the latest US budget impasse, outweighed local economic optimism.
The Stock Exchange of Thailand Index reached 1549.5 points in the morning session, a level not seen since January 1994. It closed the day down 1.98 points at 1,539.60, almost unchanged from the previous Friday's close of 1,540.13. Turnover was 64.51 billion baht, with 13.29 billion shares traded.
The SET's all-time high of 1,789.16 was recorded on Jan 5, 1994 and the market declined steadily in the weeks immediately afterward.
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