Thailand’s SET Index closed at 1,313.99 points, increased 9.07 points or 0.70%, with a trading value of THB 43.14 billion. The analyst stated that the Thai market traded in the positive territory following DELTA’s continued rally.
Power plant stocks, particularly those invested in the U.S, extended gains, while support for the people’s solar project and the Direct PPA also bolstered the sector.
The analyst expects the Thai market to move relatively flat tomorrow, with investors potentially rotating into banking stocks that have recently undergone a rebase, as well as tourism stocks in anticipation of upcoming stimulus measures.
Ekniti Nitithanprapas confirmed that within the next four months, the Ministry of Finance will roll out continuous economic stimulus measures every week, starting with the “Half-Half Plus” project as the first package, directly aiming to boost private and public consumption.
China moved to tighten its grip on the global rare earths market, introducing expanded export controls that extend restrictions on processing technology and underline Beijing’s intent to limit supply to foreign defense and semiconductor industries.
Israel and Hamas have reached a long-anticipated ceasefire agreement in Gaza, marking the initial stage of President Donald Trump’s peace framework aimed at ending a conflict that has claimed over 67,000 lives and altered the geopolitical landscape of the Middle East.
The U.S. Federal Reserve may consider additional interest rate reductions before the end of the year, but it faces the challenging task of balancing softer economic expansion against persistent inflation.
