|
|
| • EXCH RATES |
|
Baht/$ 33.51/56
Bid/Ask
|
GOLD |
14,350
+ 350
|
|
The SET50 Index closed last week at 554.41, a slight gain from the previous week by 3.95 index points or 0.72%. For SET50 Index Futures, S50M08 expired on Friday, June 27, with a final settlement price of 554.26 points. S50U08 (expiring in September 2008), which is now the nearest contract, was settled at 547.6, down from the previous week by 0.5 points. Thai stock indices changed insignificantly throughout last week, as no major developments occurred in the market after the major anti-government rally by the People's Alliance for Democracy (PAD) passed largely without incident. Most investors were awaiting news from Washington, where the US federal Reserve on Wednesday left its benchmark interest rate unchanged at 2.0%.
On the local political scene, the censure debate provided no signals one way or the other for the investment environment. The vote before weekend unsurprisingly ensured the survival for now of Prime Minister Samak Sundaravej and seven cabinet members. The result lifted the confidence of investors in political stability in the near term.
Total weekly volume on the TFEX was 54,959 contracts, made up of 52,539 futures contracts, 1,195 call option contracts and 1,225 put option contracts. The three most active options series were put options with an exercise price of 550 index points, followed by call options with the same exercise price, and put options with an exercise price of 520 index points, all expiring in September 2008.
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