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Wednesday, May 8, 2024

Fate of stimulus binge on investors’ minds

Recap: Global shares fluctuated ahead of the release of key US jobs data yesterday, which could give investors more clues about the strength of the economic recovery and how much longer officials will continue big economic stimulus programmes.

The “meme stock” frenzy gripping retail investors returned, resulting in a wild ride for shares of the US cinema chain AMC Entertainment Holdings. Meanwhile, gold was set for its worst week since March.

The SET index moved in a range of 1,578.09 and 1,627.67 points this week before closing yesterday at 1,611.53, up 1.87% from the previous week, in daily turnover averaging 100.91 billion baht.

Foreign investors were net buyers of 5.19 billion baht and brokerage firms bought 466.14 million baht. Institutional investors were net sellers of 3.71 billion baht and retail investors offloaded 1.95…

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