Foreign funds help lift Asian shares and SET | Bangkok Post: business

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Foreign funds help lift Asian shares and SET

  • Published: | Viewed: 1,665 | Comments: 0
  • Newspaper section: Business
  • Writer: Nuntawun Polkuamdee & Darana Chudasri
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Recap: Foreign fund inflows turned to Asia after the European Central Bank hinted it might consider using stimulus measures to keep the euro zone recovery on track. The Thai stock market was a beneficiary but remains less attractive than its peers following months of political tensions. 

The SET index rose but failed to breach 1,400 points as investors locked in profits ahead of a weekend red-shirt rally and Monday’s holiday. The main gauge moved in a range of 1,371.35 to 1,397.48 points before closing Friday at 1392.01, up 1.7% on the week, with average turnover of 30.41 billion baht a day.

Retail investors were net sellers of 13.20 billion baht, while foreign investors bought 5.17 billion, institutions 6.14 billion and brokers 1.88 billion baht.

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