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Monday, April 29, 2024

Shares slide on rate worries, weak earnings

Recap: Global shares tumbled yesterday as fears about the pace of monetary policy tightening and weaker-than-expected earnings from Wall Street continued to sour investor confidence.

The SET index moved in a range of 1,641.86 and 1,682.93 points this week before closing yesterday at 1,652.73, down 1.19% from the previous week, in daily turnover averaging 90.97 billion baht.

Retail investors were net buyers of 11.09 billion baht. Institutional investors were net sellers of 6.06 billion baht, foreign investors sold 4.44 billion and bokerage firms offloaded 585.59 million baht worth of shares.

Newsmakers: The world’s 10 wealthiest men doubled their fortunes to a collective $1.5 trillion during the first two years of the coronavirus pandemic as poverty and inequality soared, a report by Oxfam said on Monday.

The consumer goods giant Unilever on Wednesday said it would…

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