Thailand’s SET Index closed at 1,346.54 points, increased 10.43 points or 0.78%, with a trading value of THB 53.3 billion. The analyst stated that the Thai market extended gain due to supporting factors from ICT stocks, particularly ADVANC as the company posted a strong special dividend payout, which also bolstered GULF.
Beyond ICT and banking stocks, fund flow has also moved toward energy, refinery, and petrochemical stocks.
For the next two days ahead of the February 8 election, the analyst expects the Thai market to move sideways-up within a range of 1,340 – 1,375 points.
U.S. government operations resumed after President Donald Trump approved a wide-ranging spending measure, ending a partial shutdown that had lasted three days. While the new law secures funding for most agencies, the Department of Homeland Security (DHS) will require new funding in just two weeks as immigration policy negotiations continue.
Gold prices recovered sharply, exhibiting gains for a second consecutive session to surpass $5,000 per ounce, as bargain hunters re-entered the market in the wake of a dramatic slide from record highs. The jump came amid renewed appetite for risk and a softer US dollar, drawing investor focus back to precious metals.
B.Grimm Power Public Company Limited (SET: BGRIM) has announced ambitious plans to develop hyper-scale data center projects with a total capacity of 300 megawatts by 2030. The company expects to invest approximately $10 million per megawatt, amounting to a total investment of about $3 billion or THB 94 billion.
Shares in Thai Airways International Public Company Limited (SET: THAI) closed at THB 6, a THB 1 or 14.29% decline after more than 6.6 billion of shares became eligible for trading following the expiration of the silent period. The increase in freely tradable shares heightened investor concerns over short-term pressure, prompting strong selling activity.
