MARKETS
Stocks decline 2.14% on Greece, China concerns
- Published: 15 May 2012 at 00.00
- Newspaper section: Business
Thai stocks fell 2.14% yesterday as worries about Greece and China led investors to retreat to low-risk assets.
The Stock Exchange of Thailand index yesterday closed at 1,165.51 points, down 25.5, in trade worth 33.41 billion baht. The index has lost 6% since reaching its high for the year of 1,240.03 earlier this month, but remains up 16% from January.
Foreign investors were net buyers of 390 million baht worth of stock yesterday, while broker proprietary trading recorded a net sell position of 1.16 billion. Banks yesterday fell 1.41%, energy counters were down 2.39% while information and communications stocks dropped 1.16%.
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