Stock Exchange of Thailand Rallies on Back of Foreign Buys.

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 investors …