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22 Nov 2019

Financial Markets

The Baht traded in a narrow range, while the SET recovered somewhat at the end of the week

​         The SET index closed below 1,600 points again, ending at 1,597.72 points, down 0.28% over-week. The average daily trading value was THB45,710.61 million, down 4.30% over-week. The mai closed at 320.02 points, up 0.17% over-week.

          ​The SET index rose early in the week before dropping during the week on sell-offs of institutional investors amid fears over US-China tensions, as President Donald Trump threatened to raise tariffs on Chinese imports if no deal is reached, and US Senate passed the bill to support human rights in Hong Kong. In addition, Thailand's weak October exports also weighed on the market. However, the SET index rebounded somewhat at the end of the week, supported by positive signs that China wants to work out the first phase of the trade deal with US to avoid a trade war.  


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Financial Markets