Markets
Stock closed higher over ease in US mortgage crisis fear
The Stock Exchange of Thailand composite index rose 4.07 per cent on Friday to 624.86 points as market shed fear over global mortgage crisis.
Gainers far outnumbered decliners 333 to 49 with 61 remained unchanged amid heavy trade of 18,175.87 million baht.
The market has recovered from 600 level on Thursday and briefly hitting peak of 628.64 before ended up 24.45 points higher.
The day’s most noticeable deals involved PTT (228.00 +14.00); PTTEP (136.00 +10.00); KBANK (66.00 +5.00); BANPU (327.00 +28.00); BBL (106.00 +6.00).
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Is it possible to get a mortgage now? If not, how do those mortgage lenders survive?