Thailand’s SET Index closed at 1,550.33 points, increased 11.66 points or 0.76%, with a trading value of THB 63.48 billion. The analyst stated that the Thai market exhibited gains amid hopes for an ease in the Middle East conflicts. This led to a decline in oil prices, lowered pressure on inflation and interest rates, while bolstering the electronics component sector.
For tomorrow, the analyst expects the Thai market to potentially stabilize, recommending investors monitor the U.S.-Iran negotiations.
Registration for the “Thai Chuay Thai Plus” (Thai Helps Thai Plus) program commenced on Monday, with the initiative targeting the general public under the 60/40 co-payment scheme. The program utilizes a centralized database of more than 30 million eligible participants. Equity analysts expect this policy to provide a positive impetus for the retail, food and beverage, and finance sectors.
Singapore’s inflation rate reached 1.8% in April, falling short of economists’ forecasts of 2%. The moderation was primarily due to slower price increases in services, retail, and other goods. Core inflation, which excludes accommodation and private transport costs, registered at 1.4%, beneath the expected 1.7%.
Meanwhile, the Monetary Authority of Singapore cautioned that imported cost pressures are poised to intensify and spread more widely across goods and services in the coming months, following the onset of the Middle East conflict since late February.
