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Bangkok Post
Bangkok Post
Business

SET loses ground after 4% gain in August

Mỹ SET United States Thailand MAI Asia Bank of Thailand BoT PTT Plc Taiwan

RECAP: Global stock markets lost ground this week as investors assessed the impact of more US interest rate hikes and tensions over Taiwan. External factors remained the key factors affecting market sentiment in Asia including Thailand.

The SET index gained 4% in August, supported by a strong fundamental outlook and lower local bond yields. Despite the increase, the SET's forward price/earnings (PE) ratio only edged up to 16.7 times, from 16.6.

The SET Index moved in a range of 1,611.19 and 1,644.09 points this week before closing yesterday at 1,622.15, down 1.4% from the previous week, in average daily turnover of 70.56 billion baht.

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