The SET soared early in the week on foreign
investor purchases, supported by Joe Biden’s victory as President-elect and
positive news regarding progress on the development of COVID-19 vaccine.
However, the SET moved in a tight range around midweek amid concerns towards
the resurgence of COVID-19 abroad before surging again at the end of the week,
supported by banking shares after the Bank of Thailand (BOT) allowed financial
institutions to make dividend payments under the stipulated guidelines.
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