By The composite Thailand SET Index SET saw a decline of 0.6% to 1,372.87 on Thursday.
Industrial Goods and Technology Companies Bear the Brunt
Forth (FORTH), an industrial goods firm, experienced the largest decline, falling by 4.8%. Betagro (BTG), a company in the same sector, also suffered a decline of 4.4%. Additionally, Jasmine Tech Soln (JTS), a technology company, saw its shares drop by 4.2%.
Energy and Transportation Firms Showcase Strength
However, Star Petroleum Refining (SPRC), an energy company, emerged as the biggest leader during the session, gaining 4.3%. Asia Aviation (AAV), a transportation/logistics firm, also performed well, increasing by 3.9%. Erawan Group (ERW), which operates in the leisure/arts/hospitality space, rounded out the top three leaders on Thursday, with shares rising 3.7%.
Southeast Asian Market Fluctuations
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index (STI) fell by 0.3%, while Bursa Malaysia was closed for the day. The Philippines’ PSEi Index dropped 0.1%, and Indonesia’s JSX Composite Index fell 0.7%.
Positive Trends in Hong Kong, Japan, and China
Elsewhere in the Asia-Pacific region, Hong Kong stocks experienced growth, with the Hang Seng Index up by 2.0%. The NIKKEI 225 Index of Japanese companies remained flat. Meanwhile, the Shanghai Composite Index of Chinese companies gained 3.0%.
South Korea and Australia Maintain Stability
The KOSPI Composite Index of South Korean stocks remained flat, while Australia’s S&P/ASX 200 Benchmark Index gained 0.5%.
Currency Movements
On the currency front, the U.S. dollar climbed 0.1% to 35.75 Thai baht, while the euro climbed by the same percentage to 38.95 baht.
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