Recap: Regional bourses last week rebounded significantly, driven by heavy foreign fund inflows after the recent sharp sell-off. The capital inflows also lifted the Thai stock market and pushed the Stock Exchange of Thailand (SET) P/E up closer to 15 times.
The SET Index climbed back beyond 1,400 and traded in the range of 1,352.86 and 1,442.19 points before closing on Friday at 1,401.08, a 4.8% gain from a week earlier, with heavy average turnover of 49.20 billion baht a day. Foreign investors were net buyers of 10.97 billion baht, local institutions 4.83 billion and brokers 2.82 billion, while retail investors pulled 18.62 billion baht out of the market.
Big movers: There was no IPO last week but MAI-listed Asia Joint Panorama (AJP) resumed trading on Wednesday after being removed from non-performing group (NPG). The stock surged to 20 baht before finishing the week at 8.75 baht, compared with 0.23 baht before the suspension.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.