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Thursday, May 2, 2024

Investors cheer as Biden signs huge stimulus bill

Recap: Global shares were flat yesterday but still remain within sight of record highs. Asian shares gained after US President Joe Biden signed the US$1.9-trillion stimulus package into law, boosting market sentiment.

The SET index moved in a range of 1,537.23 and 1,584.61 points this week before closing yesterday at 1,568.19, up 1.56% from the previous week, in daily turnover averaging 100.33 billion baht.

Institutional investors were net buyers of 2.02 billion baht, foreign investors bought 756.4 million. Retail investors were net sellers of 2.45 billion baht while brokers offloaded 321.29 million baht in shares.

Newsmakers: President Biden has told Americans he hopes that by July 4 they will be able to celebrate their independence from Covid-19. His $1.9-trillion stimulus package is expected to provide a huge lift to an economy showing signs of improvement,…

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