Thailand’s SET Index closed at 1,456.10 points, decreased 5.25 points or 0.36%, with a trading value of THB 48.76 billion. The analyst stated that the Thai market traded sideways, with key negative catalysts coming from the consolidation of the banking sector, as well as selling pressures from DELTA and other big-cap stocks due to concerns over the upcoming revision of the MSCI Index.
The analyst recommends investors monitor the Middle East situation, which may weigh on potential upside in the market.
For next week, the analyst expects the Thai market to maintain sideways movement, with potential technical rebound.
Wang Yi, Minister of Foreign Affairs of the People’s Republic of China, met with Prime Minister Anutin Charnvirakul on his official visit to Thailand as a guest of the Ministry of Foreign Affairs.
The discussion included cooperation on bilateral partnership, the situation in Cambodia, as well as the suppression of transnational crime, particularly the issue of online scams.
Thailand recorded an 18.7% year-on-year growth in customs-cleared exports for March, surpassing market estimations. The latest figures came in well above the anticipated 9.75% rise projected in a Reuters survey and followed February’s 9.9% gain.
