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Stock Exchange of Thailand Rallies on Back of Foreign Buys.

Bangkok Post (Bangkok, Thailand)

| June 05, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Krissana Parnsoonthorn

Jun. 5--Shares rallied 2.28 percent in brisk trade yesterday as retail investors showed more confidence in big-cap stocks on the back of steady foreign buying.

The Stock Exchange of Thailand index closed at 412.68 points, up 8.99 points, in turnover worth 11.17 billion baht. Leading the gains were finance shares, which rose 5.54 percent, followed by shares in the banking sector, up 2.5 percent, and those in the energy sector, up 2.86 percent.

Arunrut Jiwangkul, a senior analyst at UOB Kay Hian Securities, said market sentiment was very upbeat as retail investors were more confident following buying by foreign ...

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Source: HighBeam Research, Stock Exchange of Thailand Rallies on Back of Foreign Buys.