Thailand’s SET Index closed at 1,607.63 points, increasing by 5.05 points or 0.32%, with a trading value of THB 57.36 billion. The analyst stated that the Thai stock market outperformed expectations, with support from buying interest in DELTA during capped-weight rebalancing.
Overall upside remains limited due to external pressure from elevated bond yields and oil prices. Furthermore, Thailand’s Constitutional Court will rule on the election ballot barcode case early next week, while the U.S.-China summit still lacks clear results.
For next week, the analyst expects the Thai market to move sideways.
Thailand’s Central Administrative Court on Friday dismissed a lawsuit filed by National Broadcasting and Telecommunications Commission (NBTC) Chairman Sarana Boonbaichaiyapruck seeking to overturn a selection committee ruling that found him unqualified to serve as an NBTC commissioner and chairman.
Thailand’s exports processed through customs surged 24.3% in August from the same month a year earlier. The result was marginally under the 24.9% gain expected by analysts in a Reuters survey, but above July’s 21.6% expansion.
Imports also grew sharply, advancing 25.1% year on year in August. The country reported a trade shortfall of $2.48 billion for the month, smaller than the $3.9 billion deficit projected in the poll.
Speaking at the 81st Session of the United Nations General Assembly (UNGA81) in New York, Thailand’s Prime Minister Anutin Charnvirakul delivered a statement addressing shifting global geopolitics, power fragmentation, and heightened strategic competition. The Prime Minister also emphasized the urgent need to rebuild trust through consistent adherence to international law and equitable global governance.
