Thailand’s SET Index closed at 1,588.06 points, increased 19.69 points or 1.26%, with a trading value of THB 93.01 billion. The analyst stated that the Thai market outperformed its regional peers, with the positive movement in the U.S. markets last night bolstering risky assets in the short term.
Domestically, there were buying forces in big caps from various groups. However, as the SET Index reaches 1,600 points, there is a potential for short-term profit-taking. As such, the analyst expects the Thai market to stabilize in the Thursday session, while recommending investors closely monitor global tech stocks’ movements.
President Donald Trump announced a mutual cessation of hostilities between the Israeli military and the Hezbollah organization. This agreement, facilitated through both direct and indirect communication channels, seeks to prevent a full-scale ground invasion of the Lebanese capital’s outskirts while simultaneously ending cross-border rocket fire into Israel.
Phiphat Ratchakitprakarn, Minister of Transport, has outlined a plan to consolidate Thailand’s mass transit railway lines into a single ownership of the Mass Rapid Transit Authority of Thailand (MRTA), which comprised of negotiations and funding for the concessions buyback, as well as the implementation of the common ticket policy.
Ekniti Nitithanprapas, Minister of Finance, stated that there are positive signs for Thailand as both analysts and the private sectors have begun raising their GDP forecasts, although the economy continues to face volatility due to geopolitical tensions, which have triggered an energy crisis and elevated costs, while also dampening consumer purchasing power and affecting household well-being.
