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1 Feb 2019

Financial Markets

The Baht hit an almost 9-month high while the SET index rose as Fed held interest rates steady


         The SET index soared over-week, ending at 1,651.40 points, up 1.71% over-week. The average daily trading value was THB50,934.62 million, that being 8.51% lower. The mai closed at 381.93 points, increasing 2.84% over-week.

           The SET index moved within a tight range around midweek as investors were awaiting for the results of BREXIT and the Fed's meeting. However, the SET continued its surge until the end of the week along with other foreign stock markets, after Fed signaled a slower pace of its policy rate hikes during the latest meeting. In addition, Thai stock market was also supported by positive signs and progress in the latest round of US-China trade talk even if no deal was reached.  

Financial Markets