SET down nearly 1% on investor fears over US-Iran conflict

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ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

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SET down nearly 1% on investor fears over US-Iran conflict

Economy May 08, 2018 19:28

By The Nation

The Stock Exchange of Thailand Index on Tuesday closed at 1,760.25 points, 19.55 points lower than the previous day’s close, with a trading value of Bt61.22 billion, due largely to investor concerns about the potential for a conflict between the US and Iran. Foreign investors and proprietary investment portfolios showed net sells of Bt2.86 billion and Bt1.45 billion, respectively, while instituti

For the year to date, foreign investors have made net sales of Bt92.33 billion on the SET.

Phillip Securities (Thailand) vice president Teerada Charnyingyong said foreign investors, increasingly concerned about conflict between the US and Iran, had sold energy stocks on Tuesday, while local investors were also concerned about the government’s delay in opening the bidding process for the construction of a high-speed rail project.

Both of these factors had led them to dilute their investment in the SET, she added.

However, she expressed confidence that the SET Index on Wednesday would continue to remain above 1,750 points.

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