Thai Stock Market Continues Decline Amid Rising Concerns

The Thai stock market has dropped for three consecutive sessions, reflecting investor caution as global markets face uncertainties over interest rates. This trend has been attributed to negative movement across various sectors, suggesting continued pressure ahead.

Date: 28-11-2024

AI Rating: 4

The analysis of the report indicates a negative trend in the Thai stock market, with a drop for three consecutive sessions, suggesting investor uncertainty and potential pressure affecting stock prices.

The SET index decreased by 7.85 points or 0.55 percent to close at 1,430.40, with trading volumes report showing 10.026 billion shares exchanged worth 36.708 billion baht. This downtrend reflects the activities of 324 decliners compared to 161 gainers.

The decline in various sectors (food, consumer, finance, industrial, property, resources, service, and technology) reinforces a broad-based weakness that could deter investor confidence. In particular, notable declines included Advanced Info (-0.71%), Asset World (-1.68%), Banpu (-2.59%), and others.

The report notes that the global forecast for Asian markets is focused on consolidation, driven by rising concerns regarding interest rate outlooks, reflecting broader economic factors that could influence local stock movements.

In the U.S. market, significant declines were noted in the NASDAQ, primarily due to disappointing earnings guidance from technology firms like Dell Technologies and HP Inc. These developments could negatively influence investor sentiment globally, including in Thailand.

Moreover, the comments regarding inflation matching expectations and its implications for interest rate outlooks create additional uncertainty. This economic backdrop poses potential risks for profit margins and overall stock performance in the coming sessions.

Stocks: DELL HPQ