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20 Dec 2019

Financial Markets

The Baht stayed within a tight range, while the SET closed near last week’s level. Foreign Exchange Market

​The SET index rebounded at the end of the week, ending at 1,573.91 points, up 0.96% over-week. However, it hit a two-year and a half low at 1,546.51 points during the week. The average daily trading value was THB54,486.10 million, up 17.80% over-week. The mai closed at 314.89 points, up 0.32% over-week.

The SET index dropped early in the week on sell-offs of large-cap stocks in the transportation and retail sectors, while regional stock markets rose on an upbeat US jobs report for November. However, the SET rose later on after the S&P Global Ratings has upgraded its outlook on Thailand's sovereign credit rating to “Positive" from “Stable". In addition, hopes for an imminent U.S.-China trade deal boosted Thai stock market at the end of the week.

Financial Markets