TFEX Weekly Summary

SET50 Index Futures, with the nearest contract month S50U08 expiring this month, was settled at 431.1, down 9.4 points, or 2.13 per cent.

The SET index has hovered in a narrow band, due to a lack of new positive factors to support the bourse. Some progress was seen in politics as Thailand got a new prime minister as well as a new Cabinet. The market is waiting for the new government's policy to become clear, while the People's Alliance for Democracy is still camping out at Government House.

For the overseas market, investors are waiting to see whether the US government's US$700-billion rescue plan will be passed by Congress. The overall investment atmosphere has been slow as investors cut back on their trading.

Weekly volume on the Thailand Futures Exchange was 63,308 contracts, with 62,835 contracts for SET50 Index Futures and 473 for index options, worth a combined Bt27.09 billion. Openinterest contracts numbered 30,824 as of last Thursday.