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3 Jan 2020

Financial Markets

The Baht reversed gains and weakened, the SET rose on the first week of 2020.


​          The SET index rose over-week, ending at 1,594.97 points, up 1.06% over-week. The average daily trading value was THB48,445.61 million, up 40.69% over-week. The mai closed at 311.58 points, up 1.14% over-week.

           ​The SET index moved within a tight range at the end of 2019 before surging at the beginning of 2020 on institutional investor purchases, supported by the progress of US-China trade issues, as President Donald Trump said he would sign the first phase of trade deal with China on January 15 and travel to Beijing to begin talks on a second phase of the deal. However, the SET pared gains somewhat at the end of the week amid concerns over Middle East situation.

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Financial Markets