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SET50 Index down 4.93 per cent

Published on July 7, 2008

The Stock Exchange of Thailand 50 Index last week closed at 528.37 points, down 26.04 points, or 4.93 per cent, from the previous week.

The SET50 Index Futures, which is the nearest contract month S50U08 (ending September 30), settled last Friday at 524.4 points, down 25.3 points, or 4.84 per cent, from the previous week.

The Thai stock market plunged sharply last week, dampened by a spate of negative factors, including decade-high inflation of 8.9 per cent last month and wobbly global stock markets, with investors concerned that the world economy is entering a recession following constant new record-high oil prices.

Total weekly volume on the Thailand Futures Exchange was 25,975 contracts, representing Bt13.43 billion. Of the total contracts, 25,241 were SET50 Index Futures and 734 SET50 Index Options.

The volume of open-interest contracts in the market as of last Thursday stood at 20,209.

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SET50 Index down 4.93 per cent

The Stock Exchange of Thailand 50 Index last week closed at 528.37 points, down 26.04 points, or 4.93 per cent, from the previous week.

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