The Thai stock market dropped over-week. The SET moved within a tight range early in the week due to the lack of new supportive factors, while trading volume was thin before the midweek holiday. However, the SET dropped sharply later in line with other stock markets as the FOMC minutes hinted that the Fed is poised to support bigger rate hike and a balance sheet reduction at its next meeting and on the surge of Thailand’s inflation in March 2022. Nevertheless, the selling pressure this week mainly came from domestic institutional investors.
On Friday, April 8, 2022, the SET closed at 1,686.00 points, down 0,90% over-week. The average daily trading value was THB75,585.85 million, up 1.56% over-week. The mai closed at 657.42 points, down 2.19% over-week.