The SET dropped sharply early in the week after the
government imposed more stringent COVID-19 measures in new areas, triggering sell-offs
across all sectors, especially banks and financial services, plus energy (which
was pressured by declining global oil prices after OPEC and its allies agreed
to boost oil output.) The SET rebounded somewhat during the week on purchases
of banking shares, due to better-than- expected performance results in 2Q21.
However, the SET dropped again at the end of the week amid concerns over the