Upbeat week ends with MSCI-Influenced bang | Bangkok Post: business

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Upbeat week ends with MSCI-Influenced bang

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  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Recap: The Stock Exchange of Thailand outperformed regional peers and moved upward throughout last week, ending with a flourish on Friday. The index set a new 16-year high in the morning session, supported by foreign demand for large-cap stocks in the MSCI Global index and institutional buying for RMFs and LTFs. 

The SET index moved in a range of 1,290.85 and 1,328.27 points and closed at 1,324.04, up 3.3% from the previous week, in daily average trade worth 41.55 billion baht (77 billion on Friday alone). Foreign investors were net buyers of 2.29 billion baht and brokers bought 4.39 billion. Local institutions were net sellers of 827.5 million baht and retail investors sold 5.86 billion.

Big movers: New listing JMT Network Services (JMT), the debt management arm of the mobile phone distributor Jaymart, broke the 300% ceiling from its IPO price of 4 baht on the first day, and closed the week at 11.20 baht a share.

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