The Thai stock market continued to drop over-week. The SET Index tumbled early in the week on sell-offs of institutional investors amid concerns about the Fed’s tightening policy stance and news regarding a major Swiss financial institution. Later, the SET gradually rebounded in line with other stock markets and on Thailand’s inflation that slowed down in September. In addition, the SET was boosted by the purchases of large-cap stocks in many sectors especially technology and banking., while energy stocks were also benefited from OPEC Plus ’s agreement to cut its oil production. However, the Thai bourse dropped again at the end of the week before the release of U.S. labor market data and Thai listed companies’ 3Q2022 performance results.
On Friday, October 7, 2022, the SET closed at 1,579.66 points, down 0.62% over-week. The average daily trading value was THB64,036.92 million, down 10.45% over-week. The mai closed at 641.84 points, down 1.75% over-week.
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