Foreign interest keeps set moving upward | Bangkok Post: business

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Foreign interest keeps set moving upward

  • Published: | Viewed: 1,961 | Comments: 0
  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Recap: Persistent offshore fund inflows overshadowed political tensions and helped the Thai stock market gain. Elsewhere, the US Federal Reserve confirmed another $10-billion reduction in its stimulus asset purchases but suggested an interest-rate increase was still far off. 

However, political factors are expected to weigh on the SET in coming weeks with the Constitutional Court and the National Anti-Corruption Commission (NACC) preparing to rule in legal cases that could force caretaker prime minister Yingluck Shinawatra and her cabinet to step down.

The SET Index moved in a range between 1,405.04 and 1,421.95 points, and closed near the week’s highest level at 1,421.48, up 0.95% from a week earlier, with daily average turnover of 31.39 billion baht for four trading days.

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