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Blue-Chip Bargains Push Thai Stock Exchange Up 3.8 Percent.
Apr. 2--Thai stocks jumped 3.8 percent yesterday on bargain hunting and market anticipation of new tax incentives from the government for stock investment.
The Stock Exchange of Thailand index closed at 671.92 points, up 24.62, on turnover worth 25.75 billion baht. The large-cap SET50 index rose 4.11 percent to 45.13 points. Leading trade were banks, up 4.31 percent; property, up 4.38 percent; and energy, up 4.61 percent.
Viriya Lappromrat, research head at Kiatnakin Securities, said the announcement that the state-initiated Vayupak Fund had been cleared to invest its reserves of 30 billion baht in the SET also helped lift market sentiment.
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Source: HighBeam Research, Blue-Chip Bargains Push Thai Stock Exchange Up 3.8 Percent.