Thailand’s SET Index closed at 1,302.35 points, increased 11.63 points or 0.90%, with a trading value of THB 51.17 billion. The analyst stated that the Thai market extended gains due to buying force in banking and energy stocks.
The market picked up pace in the afternoon session following the resignation of the deputy Minister of Finance, which lowered the risk towards the government amid rumors regarding involvement with the Cambodian scammers.
However, gains were minimized before the session ended as investors engaged in profit-taking actions ahead of a holiday.
The analyst expects the Thai market to trade sideways on Friday.
Gold and silver continued to slide in early trading Wednesday, compounding losses from Tuesday’s dramatic selloff, as investors moved to lock in gains following an extended rally that many now fear had pushed prices into overbought territory.
The Bank of Thailand (BOT) will keep its monetary policy accommodative as the nation’s economy faces a quarterly dip for the first time in nearly three years. Meanwhile, the central bank remains prepared to adjust its policy framework if conditions require, amid projections of muted economic growth through the end of 2025.
Britain’s headline inflation rate held firm in September, confounding expectations of a rise and providing a breathing room for Finance Minister Rachel Reeves as she prepares her key November budget.
Official data showed annual consumer price inflation remained unchanged at 3.8% for the third consecutive month—higher than any other major advanced economy.
A planned summit between the U.S. President Donald Trump and Russian President Vladimir Putin has been postponed, casting uncertainty over ongoing attempts to negotiate an end to the war in Ukraine, as Moscow refuses to agree to an immediate ceasefire.
