Bank Stocks Rise as MPC Holds Policy Rate Steady at 2.5%

Major bank stocks picked up some gains after the Monetary Policy Committee (MPC) announced the outcome of the meeting on 10 April 2024, voting 5 to 2 to maintain the policy rate at 2.50 percent as Thai commercial banks would continue to benefit from higher Net Interest Margin.

As in the afternoon session on Wednesday, the share price of Krung Thai Bank Public Company Limited (SET: KTB) rose by 1.19% or THB 0.20 to THB 17.00, with a trading value of THB 597.24 million.

The share price of Bangkok Bank Public Company Limited (SET: BBL) surged by 1.06% or THB 1.50 to THB 142.50, with a trading value of THB 676.60 million.

The share price of SCB X Public Company Limited (SET: SCB) increased by 0.43% or THB 0.50 to THB 115.50, with a trading value of THB 694.66 million.

The share price of Kasikornbank Public Company Limited (SET: KBANK) gained 0.40% or THB 0.50 to THB 126.00, with a trading value of THB 958.63 million.

The share price of TISCO Financial Group Public Company Limited (SET: TISCO) edged up by 0.25% or THB 0.25 to THB 100, with a trading value of THB 142.48 million.

The share price of Bank of Ayudhya Public Company Limited (SET: BAY) climbed by 0.93% or THB 0.25 to THB 27.00, with a trading value of THB 7.30 million.