SET Index Drops 34% ATO of Afternoon Session as Fears for Lockdown Weigh on Sentiment

The Thai stock market plunged 33.68 points or 2.14% at the opening of the afternoon session with a trading value of 68.5 billion baht.

 

UOB Kay Hian Securities stated that the decline in the Thai stock market was due to concerns over stringent measures from the government to curb Covid-19 outbreak that would impact the economy, resulting in a cautious move and taking profit to lower the risks.

Meanwhile, KTBST Securities pointed out that last year, the stock market was weakened prior to the lockdown, but in anticipation that the situation would get better after the lockdown, the market moved up afterward. The securities company expected the market to move in the same direction as last year.