Global worries keep a tight lid on local stocks | Bangkok Post: business

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Global worries keep a tight lid on local stocks

  • Published: | Viewed: 2,020 | Comments: 0
  • Newspaper section: Business
  • Writer: Darana Chudasri & Nuntawun Polkuamdee
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Recap: Concern about the looming US "fiscal cliff" and weaker economic data in Europe kept the SET index down for most of the week, with a sharp fell on Thursday in line with global markets. The market rebounded on Friday on good news that Thai shares had been given more weighting in the influential MSCI index. 

The market moved in a narrow range between 1,263.05 and 1,296.56 points and closed at 1,280.13, down 0.8% from the previous week. Foreign investors were net sellers of 8.75 billion baht, while brokers sold 1.36 billion. Institutional investors were net buyers of 6.91 billion baht, reflecting seasonal shopping for stocks to include in LTFs and RMFs. Domestic retail investors were net buyers of 3.2 billion baht.

Big movers: Charoen Pokphand Foods (CPF) led in terms of turnover, declining 6.94% on the week to 33.50 baht. ADVANC rose 5.1% to 197 baht on speculation about the Administrative Court ruling on the disputed 3G auction. BTS declined 6.1% to 6.15 baht. Bangkok Land (BLAND), tops in volume, fell 8.3% to 1.21 baht. OSK Securities (OSK) gained 61.4% to 4.52 baht after RHB Capital announced a tender offer at 4.584 baht per share.

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