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28 Jun 2019

Financial Markets

The Baht hit a new 6-year high, while the SET rose on foreign investors’ net-buying positions.

            The SET index hit its highest level in 9 months at 1,735.88 before ending the week at 1,730.34 points, up 0.77% over-week. The average daily trading value was THB62,353.80 million, down 17.02% over-week. The mai closed at 363.58 points, up 1.19% over-week.

             The SET index rose over-week, supported by foreign investors' net buying positions, plus optimism towards the progress on US-China trade negotiation during the G20 meeting (June 28-29) in order to settle their trade dispute. However, the SET index paired gains somewhat at the end of the week in line with regional stock markets, due to foreign investor sell-offs ahead of the G20 meeting.

Financial Markets