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28 Aug 2020

Financial Markets

The Baht strengthened, while the SET also rose on institutional investor purchases

​​         The SET rose over-week despite paring some gains at the end of the week, ending at 1,323.3 points, up 1.85% over-week. The average daily trading value was THB53,786.27 million, up 8.73% over-week. The mai closed at 310.77 points, up 2.79% over-week.

          ​The SET increased over-week on institutional investor purchases, amid positive news regarding the COVID-19 treatment method and easing of trade tensions between the US and China. However, the SET pared gains somewhat at the end of the week, led by energy and construction material shares despite being supported by the Fed Chairman's speech, indicating that the Fed would keep interest rates low for longer periods.



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