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31 May 2019

Financial Markets

The Baht strengthened, while the SET dropped on the trade wars despite support from foreign investors’ net purchase.

          The SET index fluctuated but closed higher than that reported for last week, ending at 1,620.22 points, up 0.38% over-week. The average daily trading value was THB83,052.64 million, up 63.22% over-week. The mai closed at 339.82 points, up 0.14% over-week.

           ​The SET index edged up early to midweek as MSCI rebalanced its weighting on Thai stocks, which took effect on May 28, while the Thai stock market had the highest trading value of over THB200 billion on the same day. However, the SET index fell later amid concerns towards the trade tensions between US and its trading partners despite support from foreign investors' net purchases of Thai stocks throughout the week. Meanwhile, investors also paid close attention to domestic political situation. 


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