Recap: Global stocks and commodities rallied broadly last week in a knee-jerk reaction following the US Federal Reserve's unexpected decision to keep its US$85 billion in monthly asset purchases unchanged. The SET on Thursday surged almost 50 points.
The SET Index stayed firmly above 1,400 points throughout last week, trading in the range of 1,428.87 and 1,494.27 before closing on Friday at 1,486.76, up 6.3% from a week earlier, with heavy average turnover of 53.79 billion baht daily. Foreign investors bought heavily with a net position of 10.39 billion baht, followed by brokers at 8.84 billion and local institutions at 3.12 billion. Domestic retail investors were net sellers of 20.34 billion baht.
Big movers: There was no IPO debut last week. Master Ad (MACO), upgraded to the SET from the MAI, rose 12.3% from the week to 9.15 baht. The top three in value were large caps: TRUE gained 17.2% to 8.50 baht, KBANK advanced 8.3% to 196 baht, and SCB added 8.3% to 170 baht.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.