TFEX Weekly Summary

Stock markets worldwide were recovering strongly on increasing confidence that the global recession was abating following a spate of better-than-expected economic indicators as well as stress test results of the US' 19 largest banks.

The Dow Jones Industrial Average surged for the fourth straight week past 8,500 points.

The new flu epidemic is the only negative factor now.

Euphoria in Thai shares was driven by overseas stock markets.

The SET Index was up for three days in a row and closed last Thursday at 527.72 points, a one-year high, with heavy trading of about Bt30 billion.

Blue chips led by energy and banks led the gain, propelled by rising oil prices and improved anticipation of an economic recovery.

The average trading volume last week on the Thailand Futures Exchange was 13,896 contracts a day, while open-interest contracts last Wednesday numbered 34,472.

Weekly total trading volume was 41,689 contracts worth Bt15.15 billion. Of the total contracts, 37,542 were SET50 Index Futures, 526 were single stock futures, 1,629 were gold futures and 1,992 were SET50 Index Options.