Riding the Roller-Coaster for another week | Bangkok Post: business

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Riding the Roller-Coaster for another week

  • Published: | Viewed: 1,017 | Comments: 0
  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Recap: In line with global markets, the Stock Exchange of Thailand took a roller-coaster ride last week as large economies took turns announcing plans to pump money into their economies to keep interest rates low and therefore spur growth. 

Stock markets are monitoring the first meeting of the European Stability Mechanism (ESM), the rescue fund for at-risk euro-zone economies, in the second week of October and the European Union Summit in the middle of this month.

The SET Index broke 1,300 points on Friday but could not stay above the key psychological barrier. The index moved in a range of 1,270.33 and 1,300.17 points and closed last week at 1,298.79 points, up 0.97%. Foreigners, institutional investors and brokers were net sellers of 1.94 billion baht, 890.19 million baht, and 994.25 million baht respectively, leaving retail investors net buyers of 3.82 billion baht.

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