Thailand’s SET Index closed at 1,558.55 points, increased 10.33 points or 0.67%, with a trading value of THB 85.99 billion. The analyst stated that the Thai market moved with volatility in a positive territory, due to a supporting factor from the electronics parts sector, particularly DELTA. This was with GULF and TRUE facing slight selling pressure from their respective factors.
For tomorrow, the analyst expects the Thai market to trade sideways, recommending investors closely monitor tonight’s U.S. PCE and GDP figures to assess interest rate direction.
Thailand reported a 10.6% year-over-year increase in exports for May. This result came in below market forecasts, with analysts anticipating a 12% gain, and follows a 23.1% expansion recorded in April.
Imports saw a significant rise, climbing 35.1% compared to the previous year. The trade balance for May showed a deficit of $5.71 billion, smaller than the $6.12 billion shortfall projected in a Reuters survey.
