The SET moved within a tight range before surging
during the rest of the week after the number of new COVID-19 cases at home rose
at a slower pace. Like regional stock markets, the Thai bourse was also
supported by the Fed’s pledge to maintain accommodative monetary policy.
Meanwhile, the SET was also boosted by construction materials and energy
stocks. However, the SET pared gains somewhat at the end of the week as
investors adjusted their risk positions before holidays while waiting to assess
the COVID-19 situation.
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