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1 Nov 2019

Financial Markets

The Baht traded in a narrow range near the THB30.15/USD level, while the SET closed near last week’s level.

       The SET index fell at the end of the week, ending at 1,592.52 points, down 0.05% over-week. The average daily trading value was THB57,344.44 million, up 1.12% over-week. The mai closed at 323.37 points, down 0.87% over-week.

       The SET index faced sell-offs early in the week amid concerns over the domestic economic outlook after the Fiscal Policy Office slashed its 2019 GDP forecast. However, the SET rose around midweek, supported by banking share purchases after sell-offs earlier. It then dropped again at the end of the week amid concerns towards the prospects of US-China trade deal, weak domestic economic outlook, plus foreign investor's net selling of Thai stocks.


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