Foreign Profit-Taking and Intuch sale have an impact | Bangkok Post: business

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Foreign Profit-Taking and Intuch sale have an impact

  • Published: | Viewed: 1,711 | Comments: 1
  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Recap: The Stock Exchange of Thailand and other regional markets started declining with some outflows from outperforming markets such as Thailand and the Philippines, Asean's two top gainers in 2012. 

The SET index fell to below 1,400 points, moving between 1,392.61 and 1,492.21 before closing at 1,412.06, down 0.33% from the previous week, its first decline since the week ending Nov 16, in heavy daily trade averaging 53.71 billion baht. Foreign investors started selling but were still net buyers for the week of 1.35 billion baht. Local institutions bought 1.53 billion, brokers sold 2.08 billion and retail investors 805.05 million baht.

Big movers: Shin Corp (INTUCH), which led the trade value table, fell 1.9% to 65.75 baht after a unit of Singapore's Temasek Holdings sold a 10.3% stake.

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