MARKET MONITOR
Weak us earnings take toll on global stocks
- Published: 29 Oct 2012 at 00.00
- Newspaper section: Business
Recap: In line with global markets, the Stock Exchange of Thailand fell sharply at the end of last week after several major US companies reported weak earnings and warned of further weakness ahead. As well, global investors have begun moving to the sidelines until after the Nov 6 US election, and Europe remains a never-ending concern.
The SET index moved in a range of 1,271.31 to 1,310.94 points and closed on Friday at 1,281.51, down 2% from the week before, on daily average trading of 31.7 billion baht. Foreign institutions investors were net sellers of 7.78 billion baht and brokers 246 million. Local investors bought 7.88 billion baht and retail investors 1.23 billion.
Big movers: BBL closed at 175 baht, down 6.7% from a week earlier, ADVANC fell 6% to 198 baht, and SCB closed down 1.6% at 160 baht.
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