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Tuesday, April 30, 2024

Bangkok Post – SET poised for revival after rocky 2023

(File photo)

After falling more than 18% over the first 11 months of last year, the SET index performed at its best in December with a 2.6% month-on-month gain of 35.67 points.

The main index closed the year at 1,415.85 points, a plunge of 15% year-on-year and the claiming the distinction of being one of the worst-performing markets in the world.

The first half of December was a struggle with Fed-related fears and Houthi attacks in the Red Sea raising concerns about trade with Europe. These factors pushed the SET down to its lowest point of the year at 1,354.73.

However, the market bounced back with the introduction of…

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