SET index recoups loss, verdict alleviates worries | Bangkok Post: business

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SET index recoups loss, verdict alleviates worries

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Thai shares yesterday almost regained an early sharp loss to close above the 1,400-barrier point as investors felt less anxious after the Constitutional Court ruling that only the caretaker Prime Minister Yingluck Shinawatra and nine ministers who were involved in a recent transfer of a top security official be removed from office. 

Investors’ confidence was restored as the verdict dispelled an earlier concern that the court would dismiss all caretaker ministers from office, resulting in a political vacuum.

The SET index recouped almost all of its early loss when the market slipped to the day’s trough of 1,388.29 points, closing 0.1% lower at 1,402.61 points yesterday in moderate turnover of 32.83 billion baht. Foreign investors sold 2.02 billion baht more than they bought.

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