MARKET MONITOR
Set stops short of 1,500 as fund inflows continue
- Published: 4 Feb 2013 at 00.00
- Newspaper section: Business
Recap: The Stock Exchange of Thailand fluctuated last week in response to the baht appreciation and disappointing US economic data, but positive signs in US budget talks helped stocks gain ground on the last trading day. The index came within a hair of 1,500, but analysts warn of possible sell-offs this week ahead of Chinese New Year.
The SET index swung sideways between 1,463.2 and Friday's close of 1,499.22 points, an 18-year high. The index was up 2.6% from the previous week, with heavy average daily turnover of 58.7 billion baht.
Foreign investors were net sellers of 557 million baht on the week but remain net buyers of 16 billion year-to-date. Local institutions were net buyers of 4.12 billion baht, while brokers bought 4.22 billion. Domestic retail investors were net sellers of 8.9 billion baht.
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