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1 Aug 2022

Financial Markets

The Baht strengthened while the SET continued to rise over-week


        The Thai stock market continued to rise from the previous week. The SET surged early in the week in line with other stock markets after the Fed raised its policy rate by 0.75% and signaled to slow the pace of interest rate increases ahead. The SET then dropped briefly on the US-China tensions over the Taiwan issue. The Thai bourse resumed its uptrend during the rest of the week as investors were less concerned about tensions between the US-China. It was also boosted by  continuing purchases of technology and finance stocks.    
        On Friday, August 5, 2022, the SET closed at 1,601.09 points, up 1.57% over-week. The average daily trading value was THB64,109.08 million, up 9.38% over-week. The mai closed at 612.89 points, up 5.41% over-week.

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Financial Markets