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14 Jun 2019

Financial Markets

The Baht hit a 3-1/2 month high, while the SET rose on expectation of Fed rate cut within this year.

         The SET index soared over-week, ending at 1,672.33 points, up 1.14% over-week. The average daily trading value was THB47,931.38 million, down 6.94% over-week. The mai closed at 355.84 points, up 2.59% over-week.

          The SET index rose almost throughout the week, supported by an expectation of the Fed funds rate cut and a clearer political situation, while investors remained in net buying positions. However, the SET index pared gains somewhat at the end of week in line with regional stock markets. Meanwhile, investors are advised to pay attention to progress on the formation of a new government, the FOMC meeting result (June 18-19), plus the US-China trade disputes.