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9 Aug 2019

Financial Markets

The Baht rose while the SET faced pressure from domestic and foreign factors.


​           The SET index faced pressure from many factors throughout the week, ending at 1,650.64 points, down 2.02% over-week. The average daily trading value was THB65,053.29 million, up 7.03% over-week. The mai closed at 357.63 points, down 1.54% over-week.

           ​The SET index dropped over-week caused by many factors, including concerns over a prolonged and escalated trade dispute between US and China, sell-offs of energy shares amid declining global oil prices, plus sell-offs of banking shares after the Bank of Thailand decided to cut policy interest rate. In addition, the market was also affected by concerns over domestic political issues at the end of the week. 

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