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18 Sep 2020

Financial Markets

The Baht strengthened while the SET fluctuated but remained positive over-week

  • ​The SET fluctuated throughout the week, ending at 1,288.39 points, up 0.66% over-week. The average daily trading value was THB46,604.47 million, up 4.02% over-week. The mai closed at 310.58 points, up 1.12% over-week.
  • The SET dropped early in the week on sell-offs of banking and building materials shares before surging later on news that the Thai Cabinet approved Special Tourist Visa (STV) scheme and domestic spending stimulus measures, plus hopes towards the development of COVID-19 vaccines. However, the SET pared gains during the rest of the week amid concerns over the global economic outlook (although the Fed has signaled low interest rates likely to last longer), while investors were cautious about the domestic political situation.  ​


Financial Markets