Optimism lifts local equities but greek tragedy still a worry | Bangkok Post: business

MARKET MONITOR

Recap: The Stock Exchange of Thailand rose last week in line with regional markets on news that the European and UK central banks planned to inject more money into the financial system. Turnover in Thai stocks rose to 175.08 billion baht from 136.02 billion the week before.

Optimism about a bailout for Greece also buoyed investors, but hope faded after Asian markets closed on Friday, dragging US and European equities down at week's end. Greece is expected to be the main factor moving markets this week.

The SET index moved in a range of 1,092.77 to 1,121.36 points and closed on Friday at 1,112.91 points, an increase of 1.27% from the week before. Local institutions were net sellers of 2.74 billion baht worth of shares and retail investors 12.25 billion. Foreign investors continued to build positions, with net buys of 12.95 billion baht on the week and local brokers buying 2.05 billion baht.