After starting May at 1,667.44 points, the SET closed out the month back near the same level at 1,663.41. The first half of the month saw a fairly sharp downtrend to a low of 1,584.38. But this was followed by a solid rebound in the second half, peaking at 1,663.41 for the month.
The weakness in the first half stemmed from heightened concerns about the global economic situation, high energy and food prices, and fears of monetary policy tightening by the US Federal Reserve and other major central banks.
