Thailand’s SET Index closed at 1,479.71 points, decreased 14.20 points or 0.95%, with a trading value of THB 90.48 billion. The analyst stated that the Thai market receded due to selling pressures in many sectors as market participants sought to reduce risks. Furthermore, investors are monitoring listed companies’ earnings, domestic politics, and the reduction of MSCI weighting.
However, the bank stocks still exhibited upward movement from dividend announcements.
For next week, the analyst expects the Thai market to stabilize.
Prime Minister Sanae Takaichi announced a departure from stringent budget controls while aiming to assure financial markets of her intention to introduce transparent fiscal guidelines. Beyond fiscal changes, she plans a full review of military export restrictions and aims to strengthen critical supply chains alongside reforming defence policy, citing increasing pressure from China.
Indonesia is moving forward with plans for public share offerings totaling about $11 billion as it aims to comply with stricter minimum free-float requirements. The initiative follows MSCI Inc.’s warning that the country risks being reclassified as a frontier market, a change that could alter investor flows and market status.
