Thai shares gain on referendum move

By The Nation

The Thai stock market experienced trading volatility throughout the day on Friday, following political developments which including the Cabinet's endorsement to launch a referendum on political conflicts.

The Stock Exchange of Thailand index swung in the negative territory in the morning session, before recouping the losses and ending with a gain of 4.92 points from the previous day. The SET Index ended the day at 654.85 points on turnover of Bt12 billion.

Brokers attributed the end-day gain to the Cabinet's resolution on the referendum, which were viewed by several parties as a means to justify the government's courses and buy more time for the beleaguered government.

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Thai shares gain on referendum move

The Thai stock market experienced trading volatility throughout the day on Friday, following political developments which including the Cabinet's endorsement to launch a referendum on political conflicts.

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