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10 Dec 2021

Financial Markets

The Baht strengthened while the SET surged on fading concerns over the Omicron variant


    The SET rose over-week, ending at 1,618.23 points, up 1.89% over-week. The average daily trading value was THB71,302.06 million, down 27.46% over-week. The mai closed at 564.65 points, up 0.81% over-week.
    The SET surged over-week in line with other stock markets after investors were less concerns about the Omicron variant of COVID-19, as they hoped that the Omicron may not cause severe illness. During this week, banking stocks were further boosted by news regarding a winning bid for retail assets while finance stocks were supported by another round of public hearing on hire-purchase contracts. However, the SET dropped slightly on the last trading day before long holidays as investors went into risk-off mode.  

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Financial Markets