Market Roundup 13 May 2024

Thailand’s SET Index closed at 1,372.50 points, increased 0.60 points or 0.04% with a trading value of 45.51 billion baht. The analyst stated that the Thai stock market traded sideways despite positive sentiment from the rise in retail stocks after CPALL reported better-than-expected 1Q24 earnings. Meanwhile, there were also the selloff of EA stocks and the sell-on-fact of bank stocks.

The analyst expected the market to trade sideways tomorrow, as investors awaited the announcement of inflation figures from the US.


U.K. Prime Minister Rishi Sunak is expected to underscore on Monday that Britain is facing an uncertain future and must embrace innovative solutions, aiming to revive dwindling support for the ruling Conservative Party prior to a general election.

During a speech in central London, Sunak will emphasize that the upcoming years will present some of the toughest challenges in British history, with dangers like war, migration, and technology poised to escalate.

As the country awaits a forthcoming national election, with the date yet to be confirmed, Sunak will assert his capability to address these challenges effectively. Downing Street described the speech as significant but refrained from outlining specific proposals as reported by CNBC.

Sources close to Sunak disclosed to the Guardian that he has been planning to deliver this speech for some time, yet its importance has been heightened following the Conservatives’ poor performance in recent local elections and the defection of several Tory MPs to the opposition Labour Party.

Recent polls indicate a substantial lead for Labour over the Tories, and a significant number of Tory MPs have announced their intention to step down at the general election. Despite Labour’s criticism that the Conservatives are the root of the U.K.’s issues, Sunak, who has prioritized addressing illegal immigration and leveraging artificial intelligence opportunities during his premiership, will contend that he possesses the vision to propel the nation forward.

The exact timing of the upcoming election remains uncertain, but Sunak has suggested that it may take place in the autumn. According to legislation, the next U.K. general election must be conducted no later than January 28, 2025.