The Thai stock market surged 2.27% yesterday to top the 1,300-point psychological level, recouping some of the recent losses, but analysts have mixed views on whether the big correction is over.
The Stock Exchange of Thailand index rose from the opening bell, tracking most regional bourses, as upbeat Chinese manufacturing data and eased fears of a military strike on Syria lifted market sentiment. The main index closed at the day's high of 1,323.70 points in moderate trade worth 34.21 billion baht, with bank and telecom blue-chips leading the gains.
The SET has recouped around 5% from this year's intraday trough at 1,260.08 on Aug 28.
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