The SET dropped over-week, ending at 1,588.19 points, down 1.39% over-week. The average daily trading value was THB98,285.53 million, up 5.03% over-week. The mai closed at 560.13 points, down 0.88% over-week.
The SET dropped sharply from the beginning of the week amid concerns towards the Omicron variant of COVID-19 and the effectiveness of existing vaccines against such variant. In addition, the SET was pressured by sell-offs due to the MSCI rebalance (effective on November 30). However, the SET rebounded somewhat around midweek in line with other stock markets on buying due to technical factors before moving within a narrow range during the rest of the week while waiting to assess the Omicron variant situation.
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