Trump comments, 'hard Brexit' talk depress stocks
- 23 Jan 2017 at 04:30
- WRITER: NUNTAWUN POLKUAMDEE & ORANAN PAWEEWUN
Recap: Donald Trump's comment that the US dollar was too strong and blunting the country's competitiveness rattled global stock markets last week, as did fears over the impact of a "hard Brexit" as outlined by British PM Theresa May. As well, confusion about Mr Trump's political and economic agenda made investors step back from risky assets ahead of his inauguration on Friday. The Thai stock market tracked the global trend, but the magnitude of its fall was limited.
The SET index moved in a range of 1,546.56 to 1,577.71 points before closing on Friday at 1,562.99, down 0.8% from a week earlier, in turnover averaging 51.6 billion baht a day. Institutional investors were net sellers of 2.87 billion baht and foreign investors sold 531 million. Retail investors were net buyers of 2.87 billion baht and brokers bought 531 million.
Big movers: U led in volume, steady at 0.03 baht. Leading in turnover were CPALL, falling 4% to 59.50 baht; JAS, up 0.6% to 8.85 baht; and PTTGC, up 3.9% to 66 baht. Top gainer NOBLE surged 28.7% to 19.30 baht and top loser RICH fell 28.6% to 0.2 baht.
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