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Foreign buys help sustain Stock Exchange of Thailand rally.

Bangkok Post (Bangkok, Thailand)

| January 07, 2005 | COPYRIGHT 2005 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: Ploy Chitsomboon

Jan. 7--Thai shares gained 1.48 percent yesterday, with continued foreign buying helping to boost overall sentiment.

The Stock Exchange of Thailand index closed at 693.62 points, up 10.12 points, on turnover of 31.06 billion baht. Leading trade were banks, up 2.57 percent, energy, up 1.01 percent, and property, up 3.4 percent.

Net foreign buying yesterday totalled 3.97 billion baht, with 10.88 billion in total buy orders. Foreign investors had a net buy position of 6.43 billion baht on Wednesday.

"I think the index gained largely due to strong foreign buying. ... Surprisingly, foreigners have been net buyers in ...

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Source: HighBeam Research, Foreign buys help sustain Stock Exchange of Thailand rally.

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