BANGKOK, June 29 (TNA) – Equity investor mood on Monday was poor as most investors were concerned that Greece, which faces a debt repayment on Tuesday, would be unable to settle the repayment amounting approximately 1.6 billion euro, analysts said.
They said the Stock Exchange of Thailand (SET) tumbled by 17 points soon after the market opened early Monday on investor worries that Greece may have to leave the Euro zone after Prime Minister Alex Tsipras announced last Friday that a national referendum would be held on July 5.
Another week of uncertainty persists, causing investors to pull their money out of the stock market, analysts said.
KGI Securities issued a report saying that negative factors on Greece outweighed positive news from China which announced that the Beijing government lowered banks’ reserves by 0.5 per cent and reduced interest rates on both deposit and lending rates 0.25 per cent last Saturday.
KGI Securities said further that investors still closely monitored drought problem in Thailand and awaiting key local economic indicators to be released soon.
The SET index rebound later and closed at 1,514.92-point , down 3.11 points from last Friday. Total turnover was 35.56 billion baht. (TNA)
