SET down 2.44 points to 1,514.35

SET down 2.44 points to 1,514.35

Thai stocks slipped 0.1% on a day when most world markets jumped in response to US Federal Reserve assurances that it intended to take its time before raising interest rates.

The Stock Exchange of Thailand Index declined 2.44 points from Thursday to close at 1,514.35, down marginally from 1,514.95 a week earlier. Turnover was  57.7 billion baht with 13.09 billion shares changing hands.

The SET endured a roller-coaster week, falling 9.2% on Monday to as low as 1,376 amid fears about the contagion effect of low oil prices and a Russian currency plunge.

Foreign investors were net buyers on Friday of 31.11 million baht worth of Thai shares but are net sellers for the month to date of 26.98 billion baht. For the year to date their net sales total 35.83 billion baht.

Local institutions were net buyers of 2.6 billion baht and brokers bought 1.18 billion. Individual investors were net sellers of 3.82 million baht. 

Global stocks rallied for a second day after the Federal Reserve's reassurance that it was in no hurry to hike interest rates.

Britain's FTSE 100 rose 0.6% in early trade while France's CAC 40 added 0.2% and Germany's DAX advanced 0.4%. Wall Street was headed for another day of gains with Dow futures up 0.5% and S&P futures rising 0.4%.

Fed Chair Janet Yellen said on Wednesday that she foresaw no rate increase in the first quarter of 2015 and the Fed would be "patient" in deciding when to make a move. The comments eased concerns that policymakers would start raising interest rates at a time when growth outside the US appears to be flagging. They also helped investors look past worries about the impact of a slumping oil price and turmoil in Russia, where the currency has slumped.

In Asia, the Nikkei 225 jumped 2.4% to 17,621.40 and South Korea's Kospi added 1.7% 1,929.98. Hong Kong's Hang Seng advanced 1.3% to 23,116.63 while Australia's S&P/ASX 200 gained 2.5% to 5,338.60. Stocks in most Southeast Asian markets rose, along with markets in Taiwan, India and New Zealand.

In Bangkok, the SET50 index of blue chips ended at 1,011.06 points, down 2.08, on turnover of 26.51 billion baht, and the SET100 lost 4.90 points to 2,237.38 in trade worth 38.1 billion. The SETHD index of high-dividend shares fell 4.79 points to 1,168.55, with turnover of 13.65 billion baht. The Market for Alternative Investment was down 3.34 points to 717.23, with transaction value of 8.3 billion baht.

In the currency markets,the baht was trading late Friday at 32.85 to the dollar, compared with 32.88/90 on Thursday and 32.78/80 a week earlier. 

Top 5 most active stocks by value

 

Price

Change

baht

%

PAF

6.20

0.35

5.98

PTT

330.00

-5.00

-1.49

TRUE

     11.70

-0.10

-0.85

ADVANC

245.00

-

-

PTTEP

117.00

-0.50

-0.43

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