SET ends rally, falling below 1,200pts
The Stock Exchange of Thailand ended the rally, as political changes in European countries post concerns over the future of the euro.
The SET Index fell as low as 1,185.89 points today, before ending the day at 1,190.65 points, down 16.60 points or 1.38 per cent, on turnover of Bt45.8 billion.
Other Asian markets were mixed in cautious trade as Greek politicians struggled to form a coalition and European officials warned that its latest tranche of bailout cash could be the last.
Yesterday, foreign investors sold off Thai shares, with their sale exceeding purchase by Bt2.3 billion.
The index has so far this year has risen over 10 per cent.
The eurozone crisis was a major reason that sparked share sell-offs in the latter half of 2011. Then, the Thai stock market lost slightly in 2011, after gaining 41 per cent in 2010, while the Thai baht depreciated against the US dollar in 2011, after appreciating 9.8 per cent in 2010.
At the end of April, the SET index ended at 1,228.49 points, up by 19.82 per cent from the end of 2011, making the Thai market the second-best performer in the region after Vietnam.
Then, the SET's market capitalisation stood at Bt10.1 trillion, up 20.21 per cent from the end of last year. That of Market for Alternative Investment was Bt98.44 billion, up 27.34 per cent.
In April, the daily average turnover was at Bt27.9 billion, down 22.55 per cent from the same period last year and down 18.63 per cent from March.
