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7 Jun 2021

Financial Markets

The Baht weakened, while the SET closed above 1,600 points despite paring some gains at the end of the week


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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Financial Markets