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14 Sep 2018

Financial Markets

“The Baht strengthened, while the SET index rebounded strongly”

​​               The SET index rebounded strongly last week, ending at 1,722.21 points, up 1.94% over-week. The average daily trading value was THB56,126.77 million, that being 20.63% higher. The mai closed at 442.61 points, increasing 1.52% over-week.

                The SET index fell early in the week amid concerns over the US-China trade dispute after China vowed to retaliate immediately if the US imposes a new round of tariffs on Chinese goods. However, the SET index rebounded strongly during the rest of the week, boosted by domestic election progress and easing trade war fears as US and China will hold a new round of trade talks. In addition, the market was also supported by institutional and foreign investor purchases.  


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