The November trading range for the SET Index was between 1,610 and 1,640 points, in line with expectations. The peak for the month was 1,640.03 while the nadir was 1,610.75. The overall investment mood and tone were quite bearish due to a lack of catalysts for the market.
Average daily trading volume was slightly above 60 billion baht in November, up just 1% month-on-month. The SET closed at 1,635.36 for the month, up 1.7% from the end of October. November featured two big impact events for the market: the More Return Plc (MORE) trading scandal and the government's revival of the financial transaction tax (FTT), expected to take effect next year.
