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Set50 heads south despite late rally on friday

Published on June 23, 2008

The SET50 Index closed last week at 550.46 points, down 8.85 points or 1.6 per cent from the previous week.

The SET50 Index Futures, which is the nearest contract month (S50M08 expiring the end of June), on Friday was settled at 550.2 points, 7.8 points or 1.42 per cent lower than the previous week.

The Thai stock market last week continued to head south from the previous week, dampened by political tension after the People's Alliance for Democracy announced it would move to Government House. However, the SET Index rebounded strongly in afternoon trading on Friday after the PAD rally ended without any violence. This alleviated investors' concerns.

Weekly volume on the TFEX was 35,986 contracts, representing Bt19.15 billion. Of these contracts, 35,324 were SET50 Index Futures and 662 were SET50 Index Options. The volume of open-interest contracts in the market as of June 19 was 22,874.

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Set50 heads south despite late rally on friday

The SET50 Index closed last week at 550.46 points, down 8.85 points or 1.6 per cent from the previous week.

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