The SET dropped sharply at the end of the week but remained above 1,600 points. The SET closed at 1,610.61 points, down 2.09% over-week. The average daily trading value was THB93,574.14 million, up 11.73% over-week. The mai closed at 565.08 points, up 0.54% over-week.
The SET moved within a tight range almost throughout the week before dropping sharply at the end of the week. The rise early in the week was supported by the better-than-expected Thai export data plus continuous purchases of technology stocks due to the news regarding a merger between communication companies. The rise around midweek was mainly supported by foreign investors’ purchases. However, the SET dropped sharply at the end of the week amid concerns over the COVID-19 situation abroad and a new variant.