The SET moved mostly sideways in July, opening at 1,568.33 points and closing at 1,576.41, representing just a 0.5% month-on-month rise. That said, there was a period during the month when the index took quite a swing, reaching a low of 1,517.51 in mid-July before rebounding to its peak of 1,576.68 before closing at 1,576.41.
Recession was the key concern during the month, alongside high inflation, high energy prices and the rising interest rate environment, both in Europe and the United States.
