Thailand’s SET Index closed at 1,621.89 points, increasing by 3.07 points or 0.19%, with a trading value of THB 66.13 billion. The analyst stated that the Thai stock market moved sideways within range, with major support coming from buying interest in the energy and petrochemical sectors, led by TOP, PTTGC, and PTTEP. This came after global oil prices rallied following renewed tension in the Middle East.
For DELTA, the stock has begun to consolidate after having sharply surged.
For tomorrow, the analyst expects the Thai market to remain subdued as investors await U.S. inflation data.
More than 70 people were wounded when Yemen’s Iran-supported Houthi rebels targeted Saudi cities and energy installations. The assault raised concerns that the Iran war could spread further across the region, while Brent crude traded at $99 a barrel.
The latest barrage followed Iran’s warning that Gulf energy assets, including American oil and gas interests, could be targeted. That warning came after reciprocal attacks on vessels in and near the Gulf over the weekend.
