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19 Jun 2020

Financial Markets

The Baht traded in a narrow range while the SET dropped over-week

  • The SET dropped over-week, ending at 1,370.82 points, down 0.85% over-week. The average daily trading value was THB71,398.73 million, down 23.57% over-week. The mai closed at 302.25 points, down 2.61% over-week.
  • The SET dropped sharply early in the week amid concerns over a second wave of the COVID-19 pandemic in the US and China before rising continuously until midweek, as the Fed announced an initiative of two programs to support US businesses and the Thai Cabinet approved domestic tourism stimulus measures. However, the SET dropped slightly again at the end of the week, due to the sell-offs of banking and non-bank financial sector amid concerns over the impact of the BOT's new measures, aimed at helping retail segments.   ​


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Financial Markets