Thailand’s SET Index closed at 1,572.50 points, decreased 12.56 points or 0.79%, with a trading value of THB 68.93 billion. The analyst stated that the Thai market declined mainly from DELTA’s selling pressure, as well as the FTSE Index revision, which led to THB 5 billion of foreign outflows and stagnated market movement.
Meanwhile, investors are monitoring the Middle East situation.
For next week, the analyst recommends traders closely monitor the Bank of Thailand’s Monetary Policy Committee meeting and the U.S. Core PCE figures.
Scheduled negotiations in Switzerland between U.S. and Iranian representatives on a potential Middle East peace agreement have been postponed after U.S. Vice President JD Vance cancelled plans to travel to Geneva, introducing more doubts over prospects for a durable ceasefire.
UK retail sales posted a stronger-than-anticipated increase in May, as sunnier weather and retailer discounts encouraged consumer spending even though households remain cautious due to cost-of-living pressures resulting from the conflict in Iran.
Retail sales volumes rose by 1.2% in May, reversing a 1.0% decrease in April. This outpaced economists’ forecasts, which predicted a 0.5% increase for the month.
