Thailand’s SET Index closed at 1,317.56 points, increased 21.19 points or 1.63%, with a trading value of THB 68.14 billion. The analyst stated that the Thai market surged with high volume due to fund inflows toward laggard stocks with attractive valuations. Telecommunication, hospital stocks, and DELTA led the rally, while the banking sector contracted.
The analyst expects the Thai market to trade sideways tomorrow.
Official figures revealed a stronger-than-anticipated increase in UK consumer prices for December, adding uncertainty to the timing of possible Bank of England rate cuts. While the headline inflation rate was higher than forecast, services inflation met analyst predictions. The Consumer Prices Index climbed to 3.4%, up from 3.2% a month earlier. On a monthly basis, prices increased by 0.4%.
The European Commission introduced proposed changes to the Cybersecurity Act, aiming to address vulnerabilities in the EU’s information and communication technology supply chains. These revisions target the risks associated with so-called high-risk vendors and carry implications for ICT providers across telecommunications, data centers, cloud computing, and social media platforms.
