Thai stock market fluctuated but closed at the same level as that reported for the previous week. The SET closed at 1,657.62 points, unchanged from the previous week. The average daily trading value was THB97,177.87 million, up 43.04% over-week. The mai closed at 631.79 points, up 8.53% over-week.
The SET rose early to midweek on continuous purchases of foreign investors, with energy, banking and finance stocks surging the most. However, the SET dropped sharply in line with other stock markets amid concerns over the Fed’s signals of tightening monetary policy, the highly contagious Omicron variant and the Revenue Department’s accelerating efforts to conduct a study on a transaction tax on securities trades. The SET then rebounded somewhat at the end of the week.