The Stock Exchange of Thailand today continued the growth momentum, with the daily turnover shooting to Bt63 billion - the highest in nearly four years.
The SET Index climbed upto 944.64 points today, before sliding to close at 931.52 points or a 1.62 points gain from last week's closing.
Stock analysts attributed the rise to capital inflows. Manufacturing and employment data in the US showed improvement, encourging investors to divest more on risk assets. Non-farm payroll was down 54,000 in August, below expectation of 110,000. Meanwhile, 67,000 new jobs were created, against 41,000 target.
Last week, the Thai market gained 3.28 per cent or 29.53 points on average daily turnover of Bt47.14 billion, led by energy stocks following the end of the Map Ta Phut crisis. In the week, foreign investors were net-sellers in Indonesia, the Philippines, and Taiwan. They were net-buyers in South Korea and Thailand.