The Stock Exchange of Thailand continued to head south in the past week amid a series of disappointments from weak earnings by major firms, such as those in electronics and shipping.
As well, negative news hit specific stocks such as GUNKUL, after the Administrative Court revoked land rights for the wind farm planned by the engineering company and partner GULF in Nakhon Ratchasima. As a result, the SET index moved down sharply towards the support at 1,650 points, or the 75-day exponential moving average.
