Thailand’s SET Index closed at 1,528.26 points, decreased 5.38 points or 0.35%, with a trading value of THB 104.31 billion. The analyst stated that the Thai market moved sideways as ADVANC, receiving an ex-dividend (XD) mark, has weighed the market. However, the banking sector helped offset the losses.
At the closing hour of the session, there were big-lot selloffs in stocks that were reduced in weighting by the revision of the MSCI Global Standard Index.
For next week, the analyst expects the Thai market to continue stabilizing. Profit-taking actions are anticipated, should further clarity on the formation of the new government emerge, as positive factors have largely been priced in. In addition, the analyst also recommends investors closely monitor such actions in the banking sector.
Pakistani forces attacked Taliban positions in major Afghan cities, in a move officials described as a dramatic escalation in cross-border conflict. The development signals heightened security risks in the region, with both governments confirming the air and ground assaults and warning of significant casualties.
Netflix announced that it will no longer pursue its planned transaction with Warner Bros Discovery after the target company’s board signaled preference for Paramount Skydance’s latest proposal. The development ends a period of competition between rival bidders for Warner Bros, shifting the outlook for M&A activity in the media and entertainment sector.
Bank of America Global Research stated that gold could surge to an unprecedented $6,000 per ounce within the next 12 months, driven by potential shifts in Federal Reserve leadership and increasing uncertainty from U.S. tariff policies. These factors are expected to trigger higher flows into the precious metal as investors seek safe-haven assets.
However, BofA cautions that in the near term, gold may face consolidation, as investor appetite is currently cooling after the rally, with signs that exposure to gold is increasing at a slower rate.
