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Monday, April 29, 2024

Shares recover in volatile week for dollar, crypto

Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an early US interest-rate hike pushed the dollar near a three-month low, the cryptocurrency market tanked while gold and silver shone as safe-haven assets.

The SET index moved in a range of 1,529.69 and 1,570.37 points this week before closing yesterday at 1,552.44, up by 0.19% from the previous week, in daily turnover averaging 90.25 billion baht.

Retail investors were net buyers of 4.95 billion baht, institutional investors bought 1.73 billion and brokerage firms purchased 1.49 billion baht worth of shares. Foreign investors were net sellers of 8.18 billion baht.

Newsmakers: The US economic recovery showed…

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