Thailand’s SET Index closed at 1,288.07 points, increased 9.33 points or 0.73%, with a trading value of THB 37.86 billion. The analyst stated that the Thai market soared at the closing hour due to investors repurchasing their sold stocks. Today’s rallies are being led by big-cap stocks across all sectors, as institutional and foreign investors readjust their portfolio.
Meanwhile, future markets had a rollover and entered the fourth quarter, with a likelihood of fund inflows, while the first day of policy address came without surprises.
Additionally, investors are also monitoring the U.S. employment figure.
The analyst expects the Thai market to extend gain tomorrow.
Thailand’s Prime Minister Anutin Charnvirakul delivered a policy statement to the National Assembly, addressing key policies that will guide the new cabinet’s administration amid widespread economic, social, political, and geo-strategic uncertainties.
Paradon Prissanananthakul, Minister Attached to the Prime Minister’s Office overseeing the Bureau of the Budget, revealed details on the “Khon La Khrueng Plus” project (co-payment project) during the “Inside Thailand” program.
Gold futures climbed to unprecedented highs, as mounting expectations for a Federal Reserve interest rate cut combined with renewed anxieties over a potential U.S. government shutdown, sending the precious metal soaring above $3,800 per ounce.
Thai Union Group Public Company Limited has informed the Stock Exchange of Thailand that the company was formally notified by Mitsubishi Corporation that the offer to acquire additional shares in the company is automatically cancelled due to insufficient acceptance at the end of the offer period.
