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Sunday, May 5, 2024

Economic optimism lifts global shares higher

Recap: Global shares rebounded and the dollar continued climbing on Friday on optimism about the global economic recovery. The easing of global bond market yields helped lift equity sentiment. Asian stocks rose from a three-month low as Chinese stocks rebounded from an earlier sell-off prompted by rising tensions with the US.

The SET index moved in a range of 1,555.38 and 1,580.74 points this week before closing yesterday at 1,574.86, up 0.7% from the previous week, in daily turnover averaging 84.76 billion baht.

Brokerage firms were net buyers of 1.07 billion baht, foreign investors bought 351.02 million and retail investors purchased 150.25 million baht worth of shares. Institutional investors were net sellers of 1.58 billion baht.

Newsmakers: US President Joe Biden said he would unveil his economic rejuvenation plan next…

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