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Sunday, May 5, 2024

Bangkok Post – Asian equities gain for fourth straight week

RECAP: Asian markets recorded their fourth consecutive weekly gain after Wall Street, Paris and Frankfurt rallied to record highs, as traders shrugged off data showing mild recessions in Britain and Japan, and weak US retail sales.

Thai shares moved in a range of 1,378.76 and 1,397.80 points this week, before closing yesterday at 1,386.27, down 0.2% from the previous week, with daily turnover averaging 38.89 billion baht.

Retail investors were net buyers of 4.82 billion baht. Foreign investors were net sellers of 4.18 billion, followed by brokerage firms at 517.53 million and institutional investors at 123 million baht.

NEWSMAKERS: US inflation in January rose 3.1% year-on-year, above forecasts of 2.9%, though it eased from 3.4% in December. The figure was still considered too high to warrant the Federal Reserve cutting interest rates. Analysts now…

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