Fu­tures Fo­cus


The SET50 In­dex closed last week at 1,128.62 points, a de­crease of 5.16 points or 0.46% from the pre­vi­ous week. The most traded SET50 Fu­tures con­tract S50U18 (ex­pir­ing in Septem­ber 2018) was set­tled at 1,126.50 points, a de­crease of 1.3 points or 0.12%.

The US stock mar­ket fell as con­cern about the grow­ing trade war with China hurt sen­ti­ment. On Wed­nes­day, oil prices dropped sharply as China an­nounced re­tal­ia­tory tar­iffs against US oil prod­ucts start­ing from Aug 23. Mar­kets world­wide were rat­tled on Thurs­day and Fri­day as the Turk­ish lira went into a free fall amid wors­en­ing eco­nomic con­di­tions and a row with the US. The Dow closed down 196 points on Fri­day as banks fell on con­cern about ex­po­sure to Turkey. The Dow ended the week at 25,313.14, a de­crease of 0.6% from 25,462.58 the week be­fore.

In Thai­land, the SET in­dex moved in and out of the red, af­fected by neg­a­tive global fac­tors. As the baht weak­ens, for­eign in­vestors have been chas­ing bar­gains af­ter months of heavy sell­ing. For­eign­ers are net buy­ers of 9.4 bil­lion baht so far this month. The SET fell 16.52 points on Fri­day to fin­ish the week at 1,705.96, a de­crease of 0.4% from 1,712.09 the week be­fore.

On the TFEX, daily av­er­age trad­ing vol­ume was 338,874 con­tracts, a de­crease of 63,316 con­tracts or 15.7% from the pre­vi­ous week. The most ac­tively traded prod­uct was SET50 In­dex Fu­tures with 875,166 con­tracts, or 175,033 per day. To­tal mar­ket open in­ter­est was 2,627,715 con­tracts, an in­crease of 47,509 or 1.84%.

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