April typically is the weakest month for share trading activity given the large number of holidays and the low number of trading days. It's not surprising, then, that average trading turnover for the month was just 72 billion baht, down almost 20% from 89 billion baht in March.
With all the prevailing uncertainties, the SET moved mostly sideways during the month, closing down 2% from the end of March at 1,667.44 points. The macro pressures from March continued into April, including the Russia-Ukraine war, high global energy prices and inflation rates, affecting prices for many commodities, such as feedstock, fertilisers and food. Thai economic conditions are now at the mercy of these factors.
