Market Roundup 6 November 2023

Thailand’s SET Index closed at 1,417.21 points, decreased 2.55 points or 0.18% with a trading value of 42.9 billion baht. The analyst stated that the Thai stock market was moving in line with regional markets in the morning on an uptrend, but the profit taking in the afternoon session pressured the market to move narrowly, especially in the energy and hospital stocks. The analyst expected the market to move in a sideways trend and advised investors to monitor China’s trade data tomorrow that could boost the market.


Thailand’s annual headline inflation for October declined for the first time in more than two years amid falling energy and goods prices due to support measures from the government.

According to the data released by the commerce ministry on Monday, Thailand’s headline consumer price index (CPI) fell 0.31% in October from last year, marking the first drop since August 2021. Reuters poll expected a 0.0% growth, while the year-on-year growth in the previous month showed a 0.3% rise.

The reading in October marked its sixth consecutive monthly headline inflation data that was below the Bank of Thailand’s target range of 1-3%. Thailand’s headline inflation recorded 1.60% YoY increase in the January-October period.

Meanwhile, core CPI was up 0.66% YoY, compared to a forecast of 0.59% rise from Reuters poll and 0.63% increase in September.


South Korea’s KOSPI closed at 2,502.37 with +5.66% gain for today (6 Nov), its best performance in nearly four years after Financial Services Commission Chairman, Kim Joo-hyun reimposed short-selling ban on the main index KOSPI 200 and tech index KOSDAQ 150, citing the illegal naked short-selling and calls from some investors that saw massive loss from limited options.


Saudi Arabia confirmed the extension of its unilateral 1 million barrel per day production cut into December, while Russia also maintained its production cut of 300,000 barrels per day into December as well.

As of 17:59 BKK time on Monday, the international benchmark Brent crude rose $1.37 or 1.61% to $86.26 a barrel. Meanwhile, the West Texas Intermediate (WTI) gained $1.42 or 1.76% to $81.93 a barrel.