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Set50 index sees a buoyant close to the week

By The Nation
Published on July 28, 2008

The SET50 Index last week closed at 481.75, up 16.88 points, or 3.63 per cent, from the previous week.

The SET50 Index Futures, S50U08 (to September 30, the nearest contract month), on Friday settled at 475.7, up 14.1 points, or 3.03 per cent, from the previous week.

The Thai stock market last week started to recover following its sharp fall in the previous week, tracking euphoria in other stock markets prompted by the decline in global oil prices. Oil dropped significantly in Nymex by 15 per cent within one week. Speculative investment in listed companies' second-quarter earnings also gave a boost.

Weekly trading volume on the Thailand Futures Exchange was 49,520 contracts, worth Bt23.40 billion. Of these, 48,913 were SET50 Index Futures and 607 SET50 Index Options.

The volume of open-interest contracts in the market last Thursday stood at 24,410.

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Set50 index sees a buoyant close to the week

The SET50 Index last week closed at 481.75, up 16.88 points, or 3.63 per cent, from the previous week.

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