SET50 index gains after several weeks of decline
The SET50 Index closed last week at 554.41.46 points, up 3.95 points or 0.71 per cent from the previous week.
The SET50 Index Futures for the nearest contract month, S50M08 (expiring the end of September 2008), on Friday settled at 549.7 points, 0.5 point or 0.09 per cent down from the previous week.
The stock market improved, with the index gaining after falls for several weeks and no new negative factors.
In addition, political tensions eased.
The government remained in office after the censure debate. Overseas markets were down overall, after the Dow Jones slid and with fresh record highs for oil prices.
Total weekly volume on the TFEX was 54,959 contracts, representing Bt28.78 billion.
Of the total contracts, 52,539 were SET50 Index Futures and 2,420 were SET50 Index Options. The volume of open interest contracts in the market as of Thursday was 26,522.
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