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21 May 2021

Financial Markets

The Baht traded narrowly while the SET dropped on concerns over the COVID-19 situation at home


The SET moved within a tight range early in the week before surging later in line with other regional stock markets. It was also boosted by the purchases of large cap stocks in the energy and petrochemical sectors. However, the Thai bourse gradually dropped around midweek amid ongoing concerns about the worsening COVID-19 situation at home. Meanwhile, the rising US inflation rate and latest FOMC minutes spurred a sell-off in risky assets while falling global oil prices added more pressure to the energy sector. In addition, foreign investors remained in a net selling position throughout the week.

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Financial Markets