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Monday, January 30, 2023

China optimism lifts Asian equities

RECAP: Asian equities advanced on Friday amid hopes for China’s emergence from the pandemic and an economic lift from renewed travel from the mainland.

The Thai stock market continues to stand out, thanks to China’s reopening. Analysts believe the SET Index is likely to hit 1,800 points in 2023.

The index moved in a range of 1,685.11 and 1,659.90 points this week before closing yesterday at 1,673.86, up 0.3% from the previous week, in daily turnover averaging 74.69 billion baht.

Foreign investors were net buyers of 2.84 billion baht followed by retail investors at 240.54 million. Institutions were net sellers of 2.23 billion baht and brokers sold 845.89 million baht worth of shares.

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