Post by mangomoney on Apr 20, 2016 9:42:16 GMT 7
Offshore funds flock back to SET
Published: 20/04/2016 at 06:00 AM
Newspaper section: Business
Thai shares surpassed the 1,400-point level and the baht firmed above 35 to the dollar yesterday, buoyed by persistent capital inflows and a rebound in oil prices.
The benchmark SET index traded above the 1,400 threshold from the opening bell. The gauge rode the buying spree to the day's peak of 1,417.96 before settling at 1,416 for a 1.23% rise in brisk turnover worth 57.37 billion baht.
...
The baht climbed to 34.89/34.91 to the greenback yesterday from 35.01/35.03 on Monday. The appreciation was a result of capital inflows from regional financial markets derived from Europe and Japan where the two central banks have implemented aggressive monetary stimulus measures, said Jitipol Puksamatanan, a TMB Analytics vice-president.
"This is a search-for-yield play by investors and Thailand is one of the targets," he said.
...
more..
www.bangkokpost.com/business/finance/939729/offshore-funds-flock-back-to-set
Published: 20/04/2016 at 06:00 AM
Newspaper section: Business
Thai shares surpassed the 1,400-point level and the baht firmed above 35 to the dollar yesterday, buoyed by persistent capital inflows and a rebound in oil prices.
The benchmark SET index traded above the 1,400 threshold from the opening bell. The gauge rode the buying spree to the day's peak of 1,417.96 before settling at 1,416 for a 1.23% rise in brisk turnover worth 57.37 billion baht.
...
The baht climbed to 34.89/34.91 to the greenback yesterday from 35.01/35.03 on Monday. The appreciation was a result of capital inflows from regional financial markets derived from Europe and Japan where the two central banks have implemented aggressive monetary stimulus measures, said Jitipol Puksamatanan, a TMB Analytics vice-president.
"This is a search-for-yield play by investors and Thailand is one of the targets," he said.
...
more..
www.bangkokpost.com/business/finance/939729/offshore-funds-flock-back-to-set
