Thai Stock Market Ends Winning Streak Amid Mixed Signals

Thai stocks slightly dipped after a two-day increase. Global market optimism sees tech and oil sectors providing some support. The SET Index ended at 1,184.93, showing mixed sector performances.

Date: 26-03-2025

AI Rating: 5

The analysis indicates that the Thai stock market is experiencing fluctuations, ending a two-day winning streak. The Stock Exchange of Thailand closed modestly lower at 1,184.93, down by 0.43 percent. The report mentions losses across various sectors, including food, consumer, finance, and industrial, while technology stocks provided some support.

Volume and Performance: The trading volume was significant, with 6.859 billion shares traded, worth 30.792 billion baht. There were more decliners (322) compared to gainers (157), suggesting a market leaning towards negative sentiment. This imbalance can influence investor decisions, potentially leading to further declines in stock prices.

Impact of Global Market Trends: The global forecast suggests mild upside for Asian markets, bolstered by oil and tech stocks, following positive closes in European and U.S. markets. The Dow, NASDAQ, and S&P 500 indices saw small gains. However, mixed signals from these markets may lead to cautious trading in the Thai market, impacting stock prices.

Political and Economic Uncertainty: Ongoing uncertainty surrounding U.S. tariff plans under President Trump adds another layer of complexity. Conflicting statements about tariffs can create a risk-averse environment for investors, potentially affecting their willingness to invest in the Thai market.

Furthermore, the report notes that oil prices dipped amidst a ceasefire agreement between Russia and Ukraine, influencing energy sector stocks. Additionally, Thailand's upcoming release of trade figures may further affect market sentiment as investors gauge economic performance.

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