Thailand’s SET Index closed at 1,410.39 points, increased 13.05 points or 0.93%, with a trading value of THB 61.54 billion. The analyst stated that the Thai market rebounded along with the Asian markets’ trend, after the U.S. President Donald Trump postponed the attack on Iran’s energy grid by five days, which eased the situation, although there are still reports of Israeli strikes on Iran.
Domestically, the Thai market was bolstered by buying forces in big-cap stocks, led by the banking and ICT sectors.
The analyst expects the Thai market to move with volatility tomorrow.
Thailand recorded a 9.9% rise in customs-cleared exports for February compared to the previous year. This growth, driven mainly by electronics and electrical goods, was lower than analysts’ expectations.
On the import side, Thailand saw a year-on-year jump of 31.8% in February, resulting in a trade deficit of $2.83 billion for the month.
Saudi Arabia and the United Arab Emirates have taken significant steps toward backing the US-Israel coalition in the ongoing Middle East conflict, now in its 25th day. The changes mark a dramatic shift from earlier attempts to maintain a neutral stance in the region.
