Narrow movement as banks, Europe in focus | Bangkok Post: business

MARKET MONITOR

Recap: The Stock Exchange of Thailand continued to trade in a narrow range as foreign investors were net sellers of 3.06 billion baht, despite being net buyers in most other regional markets. The SET index moved in a range between 1,033.42 and 1,058.93 points and closed at 1,044.81, an increase of 0.825% from 1,036.26 points last week. Local institutions were net buyers of 650 million baht, brokers 2.04 billion and retail investors 391.45 million baht.

Big movers: The bank sector recovered during the week after active selling amid uncertainty about higher deposit protection fees. BBL closed on Friday at 147.5 baht, up 0.7% from a week earlier. TISCO shed 6% to 35 baht, on concern that the Bank of Thailand will increase levies on bills of exchange.

- The preparation of Thai Air Asia (TAA) for a listing on the SET supported the price of AOT, which closed at 49.25 baht, unchanged from last week.