Thailand’s SET Index closed at 1,454.00 points, decreased 11.72 points or 0.80%, with a trading value of THB 42.56 billion. The analyst stated that the Thai market faced selling pressures, as investors reduced risks ahead of both Thai and international holidays. This was due to uncertainty over the Middle East situation, which required close monitoring.
Technically, Thai equities remain resilient, and investors are awaiting the announcement of the government’s economic stimulus measures.
For next week, the analyst expects the Thai market to move sideways.
Crude oil exports surged through the Strait of Hormuz on Friday, with approximately 4 million barrels successfully making the passage. This latest volume marks the largest single-day outflow since the conflict reignited concerns over the region’s energy chokepoints.
Three tankers are currently maneuvering through a new, unconventional route. Rather than using the standard northern lanes that pass between Iran’s islands and require Iranian oversight and often hefty fees, these ships are instead hugging Oman’s coastline at the bottom of the chokepoint.
SpaceX has reportedly raised its initial public offering valuation goal to more than $2 trillion, signaling ambitions for an unprecedented stock market debut that could become the biggest IPO to date.
