The Thai stock market rose for the fourth consecutive week. The SET surged at the beginning of the week in line with other regional stock markets as investors were less concerned about the Fed’s rate hikes somewhat after there were signs of a slowdown in US inflation. Continuing purchases of foreign investors especially in banking and energy stocks also boosted the SET. However, the Thai bourse pared gains briefly during the week on sell-offs of some finance and technology stocks as their performances were weaker than expected. The BOT’s MPC meeting results came out as anticipated by markets, while the central bank was also signaling a gradual rate hike ahead.
On Thursday, August 11, 2022, the SET closed at 1,622.26 points, up 1.32% over-week. The average daily trading value was THB66,580.42 million, up 3.85% over-week. The mai closed at 610.95 points, down 0.32% over-week.
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