MARKET MONITOR
Fiscal cliff deadlock stalls momentum on set
- Published: 24 Dec 2012 at 00.00
- Newspaper section: Business
Recap: The Stock Exchange of Thailand was volatile last week before falling on Friday amid deepening gloom about US fiscal cliff talks, marked by an impasse over tax increases for the rich, and rising concerns over the fiscal cliff that could push the US into recession next year.
The SET index moved in a range of 1,348.15 and 1,381.38 points and closed at 1,373.38, up 1.1% from the previous week, in heavy daily trade worth of 39.73 billion baht. Foreign investors continued to be net buyers of 6.84 billion baht, local institutions bought 238.59 million and brokers 727.71 million baht. Domestic retail investors were net sellers of 7.8 billion baht.
Big movers: CP All (CPALL) led the value table for a second week, rising 3.4% to 45.25 baht. PTTEP fell 0.6% to 160 baht while Thaicom (THCOM) was off 9.2% to 22.60 baht.
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