Investors remain upbeat despite jitters | Bangkok Post: business

MARKET MONITOR

Recap: While the outlook for Europe is keeping investors on edge, global stock markets have remained cautiously optimistic about the bigger picture. In particular, they believe projections of slower GDP growth in China may prompt authorities in Beijing to ease back on some tightening policies to get the world's No.2 economy moving faster.

The SET index last week moved upward in a range between 1,035 and 1,063.44 points and closed on Friday at 1,058.66, an increase of 1.33% from the previous week. Trading value rose to 127.13 billion baht from 118.71 billion. Local institutions were net buyers of 937.46 million baht, brokers 770.51 million and foreign investors 1.11 billion baht. Domestic retail investors were net sellers, at 2.82 billion baht.

Big movers: Shin Corporation, or Intouch (INTUCH) as it prefers to be known these days, was the most active in value as Cedar Holding, an investment unit of Singapore-based Temasek, sold 200 million shares or 6.2% at an average of 40.40 baht on Wednesday. The shares closed on Friday at 46.00 baht, up 10.2 % from a week earlier.