RECAP: A mini-rally on most Asian markets came to a halt yesterday ahead of a keenly awaited speech by US Federal Reserve chief Jerome Powell at around 9pm Thailand time, with traders increasingly worried about higher US interest rates.
However, the SET railed for four consecutive days on positive political news as the new Pheu Thai government took shape. The SET Index moved in a range of 1,514.70 and 1,563.62 points this week before closing yesterday at 1,560.20, up 2.7% from the previous week in daily turnover averaging 58.6 billion baht.
Institutions were net buyers of 5.99 billion baht, followed by foreign investors at 1.5 billion and brokers at 244.99 million. Retail investors were net sellers of 7.74 billion baht.
NEWSMAKERS: Goldman Sachs on Friday lowered its 12-month target for Asian equities excluding Japan, and now expects an earnings…
