Staff, 2022-12-02 15:00:00,
RECAP: Asian shares were mixed yesterday as investors were heartened by the possible easing of Covid curbs in China, while they awaited job figures in the United States that could determine whether the Federal Reserve will start to moderate its interest-rate increases as widely expected.
Fund flows are expected to continue into Thailand as the pace of global interest rate hikes slows. The SET index is expected to test 1,670 points this month, analysts say. Energy stocks should recover, in line with rising crude oil prices as China eases Covid restrictions. As tourist arrivals have accelerated, stock market sentiment is positive and domestic plays are recommended.
The SET Index moved in a range of 1,612.76 and 1,651.76 points this week before closing yesterday at 1,641.63, up 1.28% from the previous week, in daily turnover averaging 58.28 billion baht.
Retail investors were net sellers of 9.41 billion baht, followed by brokers at 667.39 million. Foreign investors were net buyers of 9.66 billion baht and institutional investors sold a net 419.22 million baht worth of shares.
NEWSMAKERS: China will soon announce an easing of Covid quarantine rules in favour of home isolation for mild cases, and a reduction in mass testing, even as cases nationwide remain near record highs, Reuters reported yesterday. Some communities are already easing back in a marked shift after…
To read the original article from news.google.com, Click here