SET index up 16.49 points | Bangkok Post: business

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SET index up 16.49 points

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Thai stocks rose more than 1% on Friday, continuing their recovery from the panic selling induced late last week by reports of tighter controls on margin trading. 

The Stock Exchange of Thailand Index rose 16.49 points or 1.07% to close at 1,561.06, an increase of 5.5% from the previous Friday's close of 1,478.97. Turnover was 50.48 billion baht, with 11.82 billion shares traded.

The low turnover reflected the fact that many markets in Asia and elsewhere were closed for the Good Friday holiday. Local market sentiment was helped by the release of a new Finance Ministry forecast that Thailand's GDP would expand by 5.3% this year, compared with 5% in an earlier forecast.

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