Futures Focus

The SET50 Index closed last week at 985.71 points, an increase of 20.72 points, or 2.15% from the previous week. The most traded SET50 Futures contract S50Z21 (expiring in October 2021) was settled at 983.20 points, an increase of 23.1 points, or 2.4%.

Wall Street stocks rallied on Thursday, propelled by relief at a congressional agreement that removed the near-term risk of a US debt default. But some of those gains were erased on Friday as investors digested disappointing jobs data in September, which could complicate the Fed’s plans to scale back stimulus. The Dow Jones industrial average closed down 9 points (0.02%) on Friday to finish the week at 34,746.25, an increase of 1.2% from 34,326.46 the week before.

The SET rallied in response to the pickup in economic activity and optimism about an expanded reopening to tourism in key destinations next month. The index rose 5.69 points on Friday to finish the week at 1,639.41, up 2.1% from 1,605.17 a week earlier.

On the TFEX, daily average trading volume was 708,758 contracts, a decrease of 299,514 contracts, or 29.7% from the previous week. The most actively traded product was Single Stock Futures with 2,236,104 contracts, or 447,221 per day. Total market open interest was 4,149,004 contracts, an increase of 653,906 or 18.7% from the previous week.