SET stages a rebound
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Thai and other Asian bourses staged a rebound Monday, on good news from Cyprus.
Regional bourses rose, recovering from the biggest weekly drop in seven months last week , after Cyprus agreed to an international bailout.
At mid-day, the Stock Exchange of Thailand index climbed 30.97 points or 2.09 per cent, to 1,509.94 points. At the close, the gain was extended to 44.98 points or 3.04 per cent to 1,523.95 points. Turnover was Bt58 billion. Local institutional investors were net-buyers with purchases outpacing sells by Bt2.55 billion.
On Friday, the index lost 50 points or 3.3 per cent, but the daily turnover of over Bt100 billion was at record high.
