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Set50 plunges further as inflation hurts investor sentiment

Published on June 16, 2008

The SET50 Index closed last week at 559.31 points, down 25.88 points or 4.63 per cent from the previous week.

The SET50 Index Futures, which is the nearest contract month S50M08 (expiring at the end of June), on Friday was settled at 558 points, 27.1 points or 4.86 per cent lower than the previous week.

The SET Index last week headed further south from the previous week, dampened by rising inflation and increasing consumer prices after the government approved price hikes for several products.

The inflation and the price increases came after the oil price hit a new record. The rising prices will undermine investment sentiment around the world.

Total weekly volume on the TFEX was 27,199 contracts, representing Bt15.02 billion. Of these contracts, 26,486 were for SET50 Index Futures and 713 were for SET50 Index Options.

The volume of open-interest contracts in the market as of Thursday was 21,457.

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Set50 plunges further as inflation hurts investor sentiment

The SET50 Index closed last week at 559.31 points, down 25.88 points or 4.63 per cent from the previous week.

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