Thailand’s SET Index closed at 1,538.67 points, increased 6.00 points or 0.39%, with a trading value of THB 60.03 billion. The analyst stated that the Thai market climbed due to supporting catalysts from the electronics component sectors amid the AI and digital infrastructure investment trends.
Furthermore, external concerns were also easing as market participants awaited clarity on the U.S.-Iran peace talks.
For next week, the analyst expects the Thai market to move sideways.
Minor shareholders of Bangchak Corporation Public Company Limited have formally requested the Department of Special Investigation (DSI) to launch an inquiry into a major asset acquisition by its subsidiary, BCPG Public Company Limited. The case revolves around a 9-billion-baht purchase of an oil terminal and seaport in Phetchaburi province, which shareholders allege may have been overvalued, potentially damaging the transparency and image of the Thai stock market.
Gold prices retreated on Friday, reflecting pressure from a robust US dollar and sustained high oil prices. Investors weighed the likelihood of further US Federal Reserve rate increases as elevated energy costs heightened inflation concerns.
