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Better-than-expected first-quarter earnings drive set's rise

Published on May 20, 2008

SET 50 Index closed last week at 630.36 points, up 17.86 points or 2.83 per cent from the previous week.

In the SET 50 Index Futures, the nearest contract month S50M08 (expiring the end of June) last Friday settled at 635.4 points, 21.9 points or 3.45-per-cent higher than the previous week.

The higher-than-expected first-quarter earnings of Thai listed companies were the major driver for the SET's increase throughout last week. A heavy buying spree was seen in blue-chip stocks including energy and banks and it pushed the index above 870 points - a new high this year.

Total weekly volume on the TFEX was 19,252 contracts, representing Bt11.59 billion.

Of the total contracts, 18,700 were the SET 50 Index futures and 552 the SET 50 Index options.

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Better-than-expected first-quarter earnings drive set's rise

SET 50 Index closed last week at 630.36 points, up 17.86 points or 2.83 per cent from the previous week.

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