Triple-digit close a sign of the times | Bangkok Post: business

MARKET MONITOR

Recap: The Stock Exchange of Thailand was volatile and fell below 1,000 points with heavy selling at the end of last week as worries about the US and the future of Greece intensified. The SET index moved between 940.42 and 1,031.73 points and closed at 958.16, down 7.3% from the previous Friday. The one-week percentage decline was the steepest since October 2008.

Foreign investors were net sellers of 6.8 billion baht and were also net sellers in the Thai bond market as they moved money out of riskier assets and emerging markets globally. Brokers were net sellers of 2.27 billion baht and local institutions sold shares worth 343.36 million. Retail investors hoping to snap up bargains were big net buyers at 9.36 billion baht.

Big movers: Most large-cap stocks fell sharply as foreign investors reduced exposure to equities and shifted to lower-risk assets. PTT shed 7% to close at 290 baht, Thai Oil (TOP) fell 19% to 51.50 baht, Bangkok Bank (BBL) lost 4.3% to 145.50 baht, Banpu was down 6.7% to 586 baht, and Siam Cement (SCC) declined 8.8% to 284 baht from 311 baht.