RECAP: Asian shares rose yesterday on prospects for a steady economic recovery in China, and after Wall Street reversed losses following remarks by a Fed official that signalled a measured approach to raising US interest rates.
The SET index remained under pressure from disappointing fourth-quarter financial results and downbeat sentiment about the global macroeconomy.
Thai shares moved in a range of 1,604.14 and 1,637.41 points this week before closing yesterday at 1,608.88, down 1.5% from the previous week, in daily turnover averaging 61.56 billion baht.
Retail investors were net buyers of 7.24 billion baht, followed by institutions at 2.46 billion baht. Foreign investors were net sellers of 9.17 billion and brokers sold a net 254.65 million baht worth of shares.
NEWSMAKERS: US interest rates will need to rise to between 5% and 5.25%, from the current range…
