MARKET MONITOR
Gains continue in quiet week of trading
- Published: 10 Dec 2012 at 00.00
- Newspaper section: Business
Recap: The Stock Exchange of Thailand corrected slightly after outperforming the region over the past two weeks and beating year-end targets at about 1,300 points, with no new factors to drive the market. Trade was quieter than in the previous week as investors did not want to hold positions during the long holiday.
The SET index moved in the range between 1,326.68 and 1,342.53 points and closed on Friday at 1,334.95, up 0.82% from the week before, on daily average trade worth 34.1 billion baht. Foreign investors were net buyers of 4.32 billion baht and brokers 2.3 billion. Local institutions were net sellers of 1.92 billion baht and domestic retail investors sold 4.71 billion.
Big movers: Ananda Development (ANAN), a specialist in condominiums near the skytrain, made a weak debut on Friday, closing at 3.80 baht, 9.52% below its IPO price of 4.20.
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