Thailand’s SET Index closed at 1,336.11 points, increased 14.69 points or 1.1%, with a trading value of THB 57.1 billion. The analyst stated that the Thai market surged across all sectors and pared gains in the afternoon session as investors engaged in profit-taking action after the index was close to the 1,350 points.
Meanwhile, foreign markets, including South Korean and Japanese markets, also climbed today, bolstered by tech stocks.
For tomorrow, the analyst urged caution on ADVANC, as the stock may experience a Sell-on-Fact action after having sharply risen ahead of the upcoming election.
The Thai Cabinet has approved the guidelines for implementing financial measures to enhance economic potential and assist debtors affected by severe public disasters.
Key measures include the “SMEs Credit Boost” project, which aims to support potential SME entrepreneurs to access new loans, increase competitiveness, and help drive the economy going forward.
The Reserve Bank of Australia has lifted its benchmark interest rate by 25 basis points to 3.85%, marking the central bank’s first increase since late 2023. The move comes in response to persistent inflationary pressures as consumer prices rose at an annual rate of 3.8% in December.
The United States has agreed to lower tariffs on goods from India following a negotiated trade agreement. The pact requires India to stop purchasing Russian oil and open additional sectors to American exports, measures seen as significant for both trade relations and market dynamics.
