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Tuesday, April 30, 2024

Rate fears and Ukraine keep lid on equities

Recap: Global shares rebounded yesterday but still headed for a weekly loss as concerns over aggressive global interest-rate increases and geopolitical risks prevail.

The SET index moved in a range of 1,674.81 and 1,708.89 points this week before closing yesterday at 1,686.00, down 0.9% from the previous week, in daily turnover averaging 75.59 billion baht.

Retail investors were net buyers of 7.22 billion baht, foreign investors bought 1.86 billion baht and brokers purchased 711.88 million baht worth of shares. Institutional investors were net sellers of 9.79 billion baht worth of shares.

Newsmakers: The White House announced sanctions Wednesday targeting Russia’s top public and private banks and two daughters of Vladimir Putin, adding pressure on the country’s economy and its elite over the invasion of Ukraine.

Canada’s environment minister on Wednesday…

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