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22 Oct 2020

Financial Markets

The Baht weakened while the SET dropped over-week


​The SET dropped over-week, ending at 1,213.61 points, down 1.63% over-week. The average daily trading value was THB58,492.90 million, up 18.67% over-week. The mai closed at 308.52 points, down 1.74% over-week.

The SET dropped sharply early in the week on sell-offs of institutional investors amid concerns towards domestic political issues before rebounding somewhat during the rest of the week mainly due to the support of banking and construction material stocks. However, the rebound was limited as investors were monitoring domestic political issues as well as uncertainties regarding US stimulus measures that were unlikely to be issued before the US presidential election.

Financial Markets