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12 Apr 2019

Financial Markets

The Baht rose and the SET rebounded late in the week.

          The SET index rose over-week, ending at 1,660.45 points, up 0.87% over-week. The average daily trading value was THB40,420.74 million, being 5.16% higher. The mai closed at 363.81 points, increasing 0.63% over-week.

          The SET index rose early in the week along with foreign investors' net purchases of Thai stocks, while energy share purchases supported by global oil price increases. However, the SET index fell later amid concerns over global economic slowdown before rising slightly again at the end of the week in line with other regional stock markets, driven by optimism toward the US-China trade negotiation progress, as China offered to open cloud-computing sector to foreign companies, as well as the higher-than-expected China's trade surplus for 1Q-19.