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21 Feb 2022

Financial Markets

The Baht hit a seven-month high, while the SET closed above 1,700 points


    The SET rose above 1,700 points, ending at 1,713.20 points, up 0.82% over-week. The average daily trading value was THB93,800.75 million, down 7.00% over-week. The mai closed at 650.37 points, up 1.66% over-week.
    The SET rose from the previous week in contrary to most other stock markets that were pressured by tensions between Russia and Ukraine. In addition to net buying of foreign investors, the SET was also boosted by the government measures, aimed at promoting electric vehicles (EVs), which in turn drove up EV-related stocks. However, the SET moved within a tight range at the end of the week while awaiting the Thai GDP to be announced next week amid uncertainties surrounding the situation between  Russia and Ukraine.   

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Financial Markets