MARKET MONITOR
Upbeat us indicators fuel global equity rally
- Published: 11 Mar 2013 at 00.00
- Newspaper section: Business
Recap: Global stock markets last week featured short-term speculative trading on positive US leading economic indicators. However, as economic conditions improve, liquidity injections by central banks will wind down and new money committed to equities may decline.
The SET index moved up even as foreigners' net buying dwindled. The main gauge traded in the range of 1,530.84 and 1,573.10 points and closed on Friday at 1,566.92, an increase of 1.8% from the week before, with high daily average trading turnover of 62.1 billion baht.
Foreign investors were net buyers of 2.11 billion baht, institutional investors 1.67 billion and brokers 1.15 billion, while retail investors sold 4.93 billion more than they bought.
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