The Thai stock market surged ahead of the FOMC meeting. The SET index rose early in the week due to the purchases of banking stocks, as supported by their latest performance results and hopes that Thai economy will continue its recovery trend and the policy rate will increase gradually. Later, the SET dropped briefly on sell-offs of institutional investors. However, the SET resumed its uptrend on the last trading day of July, driven by a rally in technology stocks on better-than-expected performance results of a major electronic parts manufacturer.
On Wednesday, July 27, 2022, the SET closed at 1,576.41 points, up 1.53% over-week. The average daily trading value was THB58,611.99 million, up 5.39% over-week. The mai closed at 581.46 points, up 1.01% over-week.