Thailand’s SET Index closed at 1,593.56 points, increased 5.33 points or 0.34%, with a trading value of THB 92.51 billion. The analyst stated that the Thai market moved with volatility, with buying forces from the banking sector leading the surge. Meanwhile, selling pressures from DELTA weighed on the upward trend, limiting gains.
The market’s movement came as the Bank of Thailand and the JSCCIB expressed a positive view on the Thai economy for 2H26 and upgraded the GDP outlook, which benefited the banking group.
For tomorrow, the analyst expects the Thai market to extend gains, recommending investors closely monitor the U.S. Nonfarm payroll data, as the Federal Reserve is unlikely to hike rates at the September meeting, contingent on the figures.
Oil prices declined after the conclusion of indirect discussions between the United States and Iran in Doha, with both Brent and U.S. crude benchmarks extending losses that sent the former to its weakest quarterly performance since 2020. A report indicated that the talks made constructive headway toward de-escalating tensions and discussing maritime security and the release of frozen Iranian assets.
