SET gains as Asian bourses enjoy upbeat week

RECAP: Asian stocks rose on Friday and were poised for their fifth straight week of gains as China’s reopening and data highlighting a resilient US economy boosted investor sentiment.

The MSCI index of Asia-Pacific shares outside Japan, which fell nearly 20% last year, is up nearly 11% so far this month, buoyed by expectations of a strong economic rebound in China and hopes that most major central banks are nearing an end to hefty interest-rate hikes.

Thai shares moved in a range of 1,693.97 and 1,667.43 points this week before closing yesterday at 1,681.30, up 0.2% from the previous week in daily turnover averaging 58.28 billion baht.

Institutional investors were net sellers of 6.2 billion baht, while retail investors were net buyers of 5.29 billion, followed by brokers at 822.69 million and foreign investors at 93.73 million baht worth of shares.

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