SET swoons on rally call | Bangkok Post: business

Business > News

SET swoons on rally call

LTF sales also blamed for sharp decline

  • Published: | Viewed: 2,129 | Comments: 0
  • Newspaper section: Business
  • Writer: Oranan Paweewun and Darana Chudasri
- +

Thai shares sank 5.23% to the lowest level in almost 16 months and the baht fell to just shy of 33 to the US dollar on the first trading day of 2014 due to mounting political worries after anti-government protesters announced they will step up action. 

Securities analysts warned the stock market could head to between 1,150 and 1,200 points in the coming weeks.

The SET index yesterday began on a negative note and further slid to close the market at the day's trough of 1,230.77 points amid the prolonged protests that have gripped Bangkok since late October, with moderate trade worth 33.5 billion baht.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments