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5 Jul 2019

Financial Markets

The Baht weakened slightly after rising to a new 6-year high, while the SET pared gains on domestic investor sell-offs.

            The SET index closed at 1,731.23 points, up only 0.05% over-week (although hitting its highest level in 9 months at 1,747.53 points during the week). The average daily trading value was THB70,177.84 million, up 12.552% over-week. The mai closed at 364.48 points, up 0.25% over-week.

             The SET index rose early in the week in line with foreign stock markets, after US and China agreed to resume trade talks. Later, the SET faced pressure from domestic political issues, plus sell-offs of institutional investors and proprietary traders. However, it rebounded somewhat at the end of the week, as domestic political issues became much clearer, while foreign investors continued to buy Thai stocks.    

Financial Markets