Thailand’s SET Index closed at 1,479.74 points, decreased 3.76 points or 0.25%, with a trading value of THB 59.49 billion. The analyst stated that the Thai market moved sideways within a limited range due to pressures from the protracted uncertainty in the Middle East situation, despite a positive catalyst from Moody’s Thailand credit outlook upgrade.
Furthermore, the market also faced selling pressure in certain banking stocks after the announcement of their financial results and the stocks going ex-dividend (XD).
For tomorrow, the analyst expects the Thai market to move sideways.
President Donald Trump announced that the United States will indefinitely extend its current ceasefire with Iran, shortly before the agreement was to lapse. The move is intended to allow Iran additional time to assemble a unified proposal to resolve the ongoing conflict.
UK inflation accelerated to 3.3% in March, propelled by surging fuel and energy prices following the outbreak of conflict in the Middle East. The increase marked a notable rise from the 3% annual rate registered in February, matching expectations from economists surveyed by Reuters, and signaled the first tangible effect of the Middle East conflict on UK consumer prices.
