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25 May 2018

Financial Markets

“The Baht bounced back to the stronger side of THB32.00/USD, while the SET index fell over-week.”


​            The SET index fell sharply over-week, ending at 1,741.21 points, down 0.74% over-week. The average daily trading value was THB57,613.16 million, that being 6.18% lower. The mai closed at 468.53 points, 1.32% lower over-week.

                                   The SET index rose early in the week given that Thailand's Q1-18 GDP report was better than expected. Later, it fell sharply amid some pressure of energy shares, concerns on US-North Korea political issues as well as US-China trade negotiations. Moreover, foreign investors were still selling shares. However, the index rebounded slightly at the end of the week amid energy share repurchases.

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