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17 Apr 2020

Financial Markets

The Baht rose while the SET rebounded somewhat at the end of the week

  • The SET fluctuated throughout the week, ending at 1,239.24 points, up 0.91% over-week. The average daily trading value was THB62,786.08 million, down 23.72% over-week. The mai closed at 240.38 points, up 1.66% over-week.
  • ​​The SET rose early in the week as the COVID-19 pandemic in many countries, including that of Thailand showed signs of easing before plunging around midweek on concerns over a possible economic recession, as the IMF slashed its global growth projection to -3.0% (and -6.7% for Thailand). In addition, foreign sell-offs also weighed on the SET. However, the SET pared some losses at the end of the week, supported by news that many countries plan to reopen their economies.   

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Financial Markets