SET index sees drop of 23.59 points | Bangkok Post: business

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SET index sees drop of 23.59 points

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  • Newspaper section: Business
  • Writer: Darana Chudasri & Nuntawun Polkuamdee
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Thai shares slipped 1.68% to below the 1,400-mark yesterday as investors fretted over potential confrontation between pro- and anti-government protesters, who will hold a mass rally this weekend, and see no end to the political mess after Wednesday’s court ruling that led to the removal of Prime Minister Yingluck Shinawatra and several ministers involved in the transfer of a high security official. 

The SET index started on a negative note and headed further south to close the market at 1,379.02 points, a 23.59-point decline in a single day. The main gauge lost almost 3% in three trading days as investors tracked political cues following the escalating political turmoil. However, foreign investors bought Thai shares with a net amount of 1.17 billion baht yesterday, after selling 2.02 billion baht more than they bought on Wednesday.

The Constitutional Court removed Ms Yingluck and nine other ministers from office on the ground that the earlier transfer of National Security Council chief Thawil Pliensri was unconstitutional and an abuse of power.

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