Thailand’s SET Index closed at 1,114.49 points, decreased 8.21 points or 0.73% with a trading value of THB 41.12 billion. The analyst stated that the Thai market trade sideways-down responding to the escalated Israel-Iran conflict.
Domestically, AOT faced continued selloffs after the company’s Board of Directors’ meeting on the case of King Power termination of duty-free contracts still remains unclear. Furthermore, despite the uptick in GULF and DELTA during the afternoon session, it is still not enough to support the Thai market.
The analyst expects the Thai market to continue its decline after having dipped below an important supporting level.
Iran has announced that it is unwilling to discuss a ceasefire while under assault by Israel amid an escalation of attacks by both adversaries, heightening fears of a broader conflict.
Furthermore, Iran also announced its plan to leave the Non-Proliferation of Nuclear Weapons Treaty (NPT) following the escalated attacks and amid the G7 meeting.
Indonesia’s stock exchange is reviewing plans to widen its trading window, a move aimed at re-engaging global investors following substantial capital outflows earlier this year.
Airports of Thailand Public Company Limited (SET: AOT) has announced that it is conducting a study and an analysis for possible solution options to duty-free shop operation problems at AOT’s airports.
