Thailand’s SET Index closed at 1,136.43 points, decreased 4.20 points or 0.37% with a trading value of THB 30.85 billion. The analyst stated that the Thai market traded sideways down, with relatively low trading value.
Overall, the index still lacks significant supporting factors and was pressured by many stocks such as DELTA (with concerns over capped weight regulation), and TOP (from the offshore oil spill incident). Furthermore, the unstable political climate also weakened the Thai market to be more fragile compared to others.
Next week, the analyst suggests investors closely monitor the political situation in the country, ranging from the Thailand-Cambodia border dispute to the cases of former Prime Minister Thaksin Shinawatra, as well as inflation figures in key regions.
Thailand’s headline consumer price index (CPI) fell 0.57% year-on-year in May, marking a deeper decline than the 0.22% drop recorded the previous month.
His Majesty the King has graciously appointed Mr. Somchai Sujjapongse, a fiscal policy veteran, as the Chairman of the Board of the Bank of Thailand.
The Reserve Bank of India (RBI) has implemented a larger-than-expected reduction to its benchmark policy rate, lowering it to 5.5% from 6%—its lowest level since August 2022.
U.S. President Donald Trump and Chinese President Xi Jinping held a phone conversation on Thursday in an attempt to ease escalating trade frictions between Washington and Beijing.
