Asian shares advance as oil prices retreatRECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. Institutional investors were net sellers of 13.55 billion baht while brokerage firms bought 1.05 billion baht. Foreign investors bought 8.84 billion baht and retail investors bought 3.65 billion baht worth of shares. NEWSMAKERS: Oil prices headed for the biggest weekly decline since early April on increasing evidence that a global economic slowdown is weakening demand, with prices near a six-month low. First, firms that will benefit from the slowdown in oil prices such as SCGP, GPSC, BGRIM, BCPG, CBG, SCC, TOA, EPG and GULF.

Source: Bangkok Post August 06, 2022 02:41 UTC