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Thursday, May 16, 2024

SET dives on lockdown fears

A Myanmar worker stands next to a razor wire barrier outside the closed Central Shrimp Market in Samut Sakhon on Sunday. (Photo: Reuters)

The Stock Exchange of Thailand index took a hard hit on Monday amid the coronavirus outbreak in Samut Sakhon and fears of a wider lockdown if it spreads further.

The main board plunged 80.60 points, or 5.44%, to close at 1,401.78, in turnover of 129 billion baht. The SET50 index also fell 55.28 points, 5.84%, to 892.00

Kasikornbank suffered the most among big cap stocks, shredding 9 baht, or 7.56%, to 110 baht.

The Thai bourse stayed in the red all day, as the country battles to prevent the new Covid-19 suge spreading. 

The slide was compounded by worries about possible lockdowns in other provinces to contain the virus.

Prime Minister Prayut Chan-o-cha on Monday…

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