The SET dropped sharply early in the week on
sell-offs of stocks in all sectors especially banking, financial and energy
mainly by institutional and foreign investors. Factors that pressured the SET
were concerns over the COVID-19 situation due to the rising cases in Thailand and
positioning adjustment before holidays during the week. However, the SET
rebounded somewhat at the end of the week on foreign investors’ purchases,
while the announcement of no national lockdown by Thai authorities spurred
investors’ sentiment.
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