Recap: Offshore capital continued to flow back into Asean though net buying was small. However, foreign investors were net sellers of Thai shares on concerns over local political issues related to the 2014 budget bill and the 2-trillion-baht borrowing bill and a dearth of fresh positive factors.
The Stock Exchange of Thailand (SET) closed near the week's lowest level. The SET Index traded in the range of 1,413.51 and 1,473.67 points and closed at 1417.49, off 4.6% from a week earlier, with heavy turnover of 40.03 billion baht a day. Foreign investors were net sellers of 10.09 billion baht, followed by brokers at 978.43 million. Retail investors were net buyers of 8.99 billion baht and institutions 2.07 billion.
Big movers: Bangkok Dec-Con (BKD), newly listed on the MAI, closed Friday at 2.90 baht, up 93.3% from its 1.50-baht IPO price. Amata B. Grimm Power Plant Infrastructure Fund (ABPIF), the second infrastructure fund, closed at 10.60 baht, up 0.95% from its IPO price of 10.50 baht.
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