Thai Stock Market Gains Amid Upbeat Global Sentiment

Thai stock market rallies, with the SET index gaining 1.6%. Positive global trends and interest rate outlook boost investor confidence.

Date: 20-03-2025

AI Rating: 7

Market Overview: The Thai stock market has recently exhibited positive growth, increasing by nearly 20 points or 1.6%. The Stock Exchange of Thailand (SET) is positioned just below the 1,190-point mark and appears likely to continue this upward trend.

Trading Performance: On Wednesday, the SET rose sharply, closing up by 13.49 points or 1.15% at 1,189.66. Trading volume was substantial at 9.843 billion shares, indicating robust market activity. Notably, there were 361 gainers compared to 149 decliners, suggesting a bullish sentiment.

Sector Performance: Key sectors contributing to this gain included food, consumer, finance, industrial, property, resource, service, and technology. Stocks such as Thailand Airport, Bangkok Bank, and PTT Oil & Retail showed significant gains, with the latter jumping 3.85%.

Broader Market Indicators: Following a positive lead from U.S. markets, where the Dow and NASDAQ also reported gains, investor confidence in the Thai market appears to be strengthening. The Federal Reserve’s decision to maintain interest rates while hinting at potential future cuts has provided a favorable backdrop for equities.

Economic Projections: While the Fed has lowered GDP growth projections for 2025, the anticipated consumer price growth signal highlights cautious optimism around inflation. Oil prices also closed higher amid uncertainties linked to U.S. tariffs, reflecting broader market conditions that may affect investor sentiment.

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