MARKET MONITOR
Weak fed response, Bank downgrades set tone
- Published: 25 Jun 2012 at 00.00
- Newspaper section: Business
Recap: Local and global markets slumped on disappointment with the US Federal Reserve's tepid response to economic weakness, and a Moody's downgrade of 15 huge global banks. The SET traded in a range of 1,144.44 and 1,1181.69 points and closed on Friday at 1,152.91 points, down 1.17% from the previous week. Daily average trading was thin at 23 billion baht.
Foreign investors were net sellers of 4.42 billion baht and and institutional investors 344.83 million. Domestic retail investors bought 3.50 billion and brokers 1.27 billion baht.
Big movers: Energy stocks fell in line with global oil prices. PTTGC dropped 6% on the week to 54.50 baht. PTT fell 5.7% to 314 baht, BANPU lost 4.3% to 448 baht, and PTTEP shed 3.2% to 168.50 baht.
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