Thailand’s SET Index closed at 1,448.14 points, decreased 1.48 points or 0.10%, with a trading value of THB 71.8 billion. The analyst stated that the Thai market moved with volatility due to capped weight rebalance, which caused selling pressure from DELTA, a natural occurrence at the end of every quarter.
However, there is domestic positive sentiment from the official royal approval for the formation of the new cabinet, which bolstered stocks in the domestic play theme, although their gains were offset by DELTA selloff.
For tomorrow, the analyst expects the Thai market to trade sideways-up.
The Thai Royal Gazette website published a Royal Command announcing the appointment of individuals selected by Prime Minister Anutin Charnvirakul to serve as ministers for the administration of the country.
Chinese manufacturing activity recorded its strongest growth in a year during March, as the country’s official Purchasing Managers’ Index (PMI) climbed to 50.4. The result surpassed analyst expectations, which were set at 50.1, and marked a turnaround after PMI readings below 50 earlier in the year.
An Iranian strike targeted the fully loaded Kuwaiti crude oil tanker Al Salmi near Dubai, igniting a fire on board and escalating concerns over the region’s oil security. The incident followed a warning from U.S. President Donald Trump regarding Iran’s control of the Strait of Hormuz.
