Thailand’s SET Index closed at 1,598.03 points, increasing by 13.88 points or 0.88%, with a trading value of THB 68.45 billion. The analyst stated that the Thai stock market climbed, with the key driver coming from Fitch Ratings upgrading the country’s credit outlook from Negative to Stable. This bolstered foreign fund inflows and market sentiment toward the banking sector.
Furthermore, buying interest in the electronics sector following tech rallies in Asian markets also supported the Thai benchmark.
For tomorrow, the analyst expects the Thai market to move sideways within range.
Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas disclosed that regarding proposals to allocate remaining loan funds from Middle East crisis relief measures to manage fuel prices via excise tax cuts, the government is currently considering a targeted approach, potentially focusing on specific fuel types such as E20 and B20, which contain high blending proportions of ethanol and biodiesel.
Two people were killed and 20 injured in an overnight Ukrainian drone attack. Damage was reported at the Moscow Oil Refinery and a residential building, while restrictions on flights disrupted the capital’s airports.
The refinery can process 11 million tonnes of crude annually, placing it among Russia’s biggest refining facilities. Its output accounts for approximately 40% of the capital’s fuel market and meets 70% of the surrounding region’s petrol and aviation gas needs.
