By The Thailand SET Index SET rose by 0.2% to reach 1,538.06, marking the fifth consecutive session of gains for Thai shares. Several companies stood out during the session, with Sri Trang Gloves Thailand leading the way with a gain of 6.2%. Sino-Thai Engg & Constr, a real estate/construction firm, also performed well, gaining 5.6%. Ichitan Group, which operates in the food/beverages/tobacco sector, rounded out the top three leaders on Wednesday with a 5.0% increase in shares.
Declines in the Market
Unfortunately, not all companies experienced gains during the session. Bumrungrad Hospital pfd., a health care/life sciences firm, saw the largest decline, plummeting by 43.4%. Betagro, a consumer goods company, also saw a decline of 4.2%. Basic materials/resources company Birla Carbon (Thailand) experienced a less significant decline of 3.0%.
Southeast Asia and Other Asian Markets
Moving beyond Thailand, Singapore’s FTSE Straits Times Index gained 0.6%, while Bursa Malaysia was closed during this session. The Philippines’ PSEi Index added 0.2%, and the Indonesian stock exchange was closed.
In other parts of the Asia-Pacific region, Hong Kong stocks declined with the Hang Seng Index down by 0.3% to 18,952.31. On the other hand, Japan’s NIKKEI 225 Index experienced a gain of 1.2%. The Shanghai Composite Index, representing Chinese companies, remained flat.
South Korea and Australia
The KOSPI Composite Index of South Korean stocks remained flat, while the S&P/ASX 200 Benchmark Index of Australian stocks rose by 0.5%.
Currency Update
Turning to currency exchange rates, the U.S. dollar fell by 0.1% to 34.04 Thai baht, while the euro also declined by 0.1% to 38.25 baht.
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