Thailand’s SET Index closed at 1,423.61 points, increased 4.17 points or 0.29% with a trading value of 37.7 billion baht. The analyst stated that the Thai stock market moved in a sideways trend as the market lacked catalyst after pricing in the Fed potentially ending its rate-hike cycle, while the announcement from Thai stock regulators did not have any significant impact to the market. The loan for digital wallet handout at a total value of 500 billion baht remained to be followed. Meanwhile, investors would monitor FOMC minutes tomorrow.
PTT Public Company Limited (SET: PTT) had informed that the Board of Directors, at Meeting No. 10/2023 held on October 19, 2023, had resolved to appoint Dr. Prasert Sinsukprasert, a director, as a Chairman of the Board of Directors Effective from November 16, 2023 onwards and to propose the same to the State Enterprise Policy Committee for approval in accordance with the previous practice as per the resolution of the meeting of the State Enterprise Policy Committee No. 1/2015.
The property sector of listed Chinese firms in the Hong Kong Exchange surged on Tuesday, sending positive sentiment across the region after the report that Chinese regulators are drafting a list of 50 developers eligible for funding.
It was reported earlier that Chinese authorities are drafting a list of 50 real estate firms that would be eligible for financing. This will be the latest move by Beijing to revive its slumping property sector.
It remains to be seen how much this measure will help the debt-piling property developers in China. There has yet to be a report for the banking sector in loan extension for real estate companies.