Market Update 07/03 – 11/03
And the roaring start to the year continues for the SET, up 8.2%, driven by resources, tech (read telcos) and financials. Earnings last year were so-so @ best given the multiple write-offs by the resources sector, insurance seems to be suffering this year along with the MAI index still down -3.7%. Now we wonder aloud…with prop traders having accumulated a total of THB 15 bn, when they sell who will be picking up their shares? 
xavi
I’m looking at the buying patterns for this rally fueled by Prop and foreign buys making me nervous of a violent correction in the near future. Best to start paring positions and buy on the dip again.