SET up almost 20 pts as Cabinet appointed
Buoyed by the appointment of a new Cabinet, Thai stocks rose almost 18 points on Wednesday. The Stock Exchange of Thailand Index closed at 1,739.43, up 17.95 points, a rise of 1.04 per cent on the previous day’s figure.
The SET Index was boosted by a clearer picture of the new government, said analysts, after media reported that the launch of a new Cabinet led by Prime Minister Gen Prayut Chan-o-cha was imminent. The Royal endorsement of the Cabinet list came after the market closed, but the daily Index had already risen more than 20 points. Foreign investors maintained their bullish stance, making a net buy of Bt3.3 billion. Institutional investors and brokerage firms bought Bt861 million and Bt58.8 million respectively. But retail investors sold Bt4.2 billion. Total trade volume was Bt73.6 billion, with rise in value led by retail, communication and energy stocks.
