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Inflation and Ukraine keep equities subdued
Recap: World stocks slid yesterday on worries about the Russia-Ukraine war and rising inflation that may force central banks into more aggressive interest-rate increases, potentially triggering a recession.
The SET index moved in a range of 1,676.75 and 1,702.67 points this week but bucked the global trend to close up yesterday at 1,701.31, up 1.46% from the previous week, in daily turnover averaging 74.43 billion baht.
Foreign investors were net buyers of 12.44 billion baht. Retail investors were net sellers of 10.61 billion baht, institutional investors sold 1.13 billion and brokerage firms offloaded 694.1 million baht worth of shares.
Newsmakers: The Bank of Thailand will not raise interest rates from their record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll…
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