Back in the red as recession talk spreads | Bangkok Post: business

MARKET MONITOR

Recap: The Stock Exchange of Thailand began last week with a rebound from the previous week but dropped in the last two days as economic gloom spread. One catalyst was a bearish report from Morgan Stanley, which said the US and euro zone were "dangerously close" to a recession, and revised down GDP forecasts across the board for this year and next.

The SET index moved between 1,066.08 and 1,095.28 points and closed at 1,069.20 points, up 0.67%. Foreign investors were still a net seller of 6.98 billion baht. Local institutions made net buying of 4.32 billion baht and and retail investors 4.81 billion. Brokers were a net seller of 2.16 billion baht.

Big movers: PTT and banks recovered. PTT closed the week at 318 baht, up 0.95%, KBANK gained 1.55% to 131 baht, and BBL rose 0.6% to 159 baht.