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6 Jun 2022

Financial Markets

The Baht hit a 3-week low while the SET dropped over-week


The Thai stock market fluctuated throughout the week. The SET Index dropped sharply early in the week on concerns that the Thailand’s accelerated inflation rate would affect the Thai economy. However, the SET Index rose briefly around midweek, driven primarily by bank stocks, as the MPC voted unanimously to maintain the policy rate at 0.5%, reflecting the likelihood of Thailand’s policy rate hikes in the near future. It then fell again towards the end of the week in line with other stock markets, after the ECB signaled that it would tighten its monetary policy.    
On Friday, June 10, 2022, the SET closed at 1,632.62 points, down 0.91% over-week. The average daily trading value was THB63,672.81 million, down 13.13% over-week. The mai closed at 642.79 points, up.1.79% over-week.

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Financial Markets