Thailand’s SET Index closed at 1,506.84 points, increased 17.18 points or 1.15%, with a trading value of THB 43.88 billion. The analyst stated that the Thai market surged due to buying forces in DELTA, which contributes as much as 17 index points, as well as the electronic parts group due to the prospect of rising demand in electric vehicles (EV) from the oil prices crisis, which led to market participants shifting toward the risk-on sentiment.
Meanwhile, the market faced selling pressure from big-cap stocks such as KTB and PTT as investors sought to reduce risk ahead of the Songkran holiday.
For next week, the analyst stated that the Thai market movement is difficult to predict, and will heavily depend on the outcome of the U.S.-Iran and Israel-Lebanon peace talk.
A pumping station on Saudi Arabia’s main East-West oil pipeline suffered significant damage following an Iranian assault, reducing the pipeline’s throughput by 700,000 barrels per day. The disruption comes amid ongoing hostilities that have already limited alternative export routes for Saudi crude.
Anutin Charnvirakul, Thailand’s Prime Minister and Minister of Interior, during the government’s policy announcement, highlighted the “Thailand 10 Plus” policy as the main policy framework for the administration.
The policy focuses on four key objectives: Internal Stability, Self-Sufficiency for Thai People, Competitive Economy, and Global Trust in Thailand. The policy structure is divided into five main clusters as follows including economy, global security, social welfare, environment, and public sector reform.
