RECAP: Asian and European markets fell yesterday on lingering recession worries as data indicated the US economy was slowing down. Thailand has low recession risk but the SET has slid amid negative global sentiment and falling oil prices.
Thai shares moved in a range of 1,549.64 and 1,604.21 points this week before closing yesterday at 1,558.36, down 2.2% from a week earlier, in daily turnover averaging 53.71 billion baht.
Retail investors were net buyers of 5.91 billion baht. Foreign investors were net sellers of 4.99 billion, followed by institutions at 667.21 million and brokers at 246.72 million baht worth of shares.
NEWSMAKERS: Global funds have offloaded a net US$750 million worth of Thai debt this month, the biggest sell-off in emerging Asia based on divergence from the 12-month average, due to political uncertainty before the May 14 election. Analysts…
