China worries keep lid on global equity gains | Bangkok Post: business

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China worries keep lid on global equity gains

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  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Recap: Asian stock markets marched up early last week amid eased concerns over a Russia-Ukraine confrontation and upbeat US economic readings, but a sell-off kicked in on renewed concerns over China's economy after tepid manufacturing figures were released. The Thai stock market stayed firmly above the resistance of 1,550 points on hopes that the economy will recover now that NCPO leader Gen Prayuth Chan-ocha has been chosen as the new prime minister. 

The SET Index moved in a range of 1,539.57 and 1,559.21 points and closed at 1,556.97, up 0.67% from the preceding week, in trade worth 43.58 billion baht a day on average. Foreign investors were net buyers of 1.05 billion baht in Thai shares and institutional investors bought 3.28 billion baht more than they sold. Retail investors were net sellers of 4.31 billion baht, while brokers pulled 15.74 million baht out of the market.

Big movers: Takuni Group (TAKUNI), an LPG and NGV supplier, gained 86.25% above its 1.60-baht IPO price to 2.98 baht on its opening day on Thursday, and finished the week at 3.14 baht. Top gainer ABC surged 247.5% to 8.20 baht and top loser WAT fell 14.3% to 0.06 baht. N-PARK led by volume, unchanged at 0.07 baht. The top three by turnover were TRUE, up 4.8% to 10.80 baht; TMB, up 3.4% to 3.04 baht; and JAS, up 3% to 6.75 baht.

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