The SET surged early in the week on hopes towards
rapid COVD-19 vaccination rollout at home plus the government’s additional
relief measures to stimulate the economy and reduce the cost of living of people
affected by COVID-19. These supportive factors boosted the purchases of stocks
in most sectors, especially energy that have benefited from the rising global
oil prices. However, the SET pared gains somewhat later on sell-offs of banking
stocks and caution about the vaccination rollout at home.
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