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Thailand Stocks Dip for Second Consecutive Session


The all-company Thailand SET Index SET, -0.86% dropped by 0.8% to 1,393.33 on Friday, marking the second consecutive session of decline.

Declining Shares

JMT Network Services JMT, -5.07%, a business/consumer services firm, experienced the largest decline, plummeting by 16.8%. Following closely behind was retail/wholesale company Jaymart Group Holdings JMART, -2.62%, which saw a significant drop of 14.0%. Taokaenoi Food & Mktg TKN also registered an 8.5% decrease.

Top Performers

On the flip side, Sri Trang Agro-Industry STA, -4.86%, an industrial goods company, recorded the highest growth during the session, with an increase of 5.1%. Retail/wholesale firm Home Product Center HMPRO, -0.84% followed suit with a rise of 4.2%. Grand Canal Land GLAND, -3.52%, specializing in real estate/construction, also witnessed shares increasing by 4.2%.

Southeast Asia and Asia-Pacific

While Thailand experienced a downtrend, other countries in Southeast Asia also saw a decline in stock indices. Singapore’s FTSE Straits Times Index STI, -0.92% decreased by 0.9%, while Malaysia’s FTSE Bursa Malaysia KLCI FBMKLCI, -0.49% dropped by 0.5%. The Philippines’ PSEi Index PSEI, -0.43% fell by 0.4%, and Indonesia’s JSX Composite Index JAKIDX, -0.42% declined by 0.4%.

Hong Kong stocks also experienced a decline, as the Hang Seng Index HSI, -1.76% decreased by 1.8%. Additionally, the NIKKEI 225 Index NIK, -0.24% in Japan dropped by 0.2%, and China’s Shanghai Composite Index SHCOMP, -0.47% declined by 0.5%.

South Korea’s KOSPI Composite Index 180721, -0.72% fell by 0.7%, and Australia’s S&P/ASX 200 Benchmark Index XJO, -0.55% had a decline of 0.5%.

Currency Update

In terms of currency, the U.S. dollar USDTHB, +0.36% saw an increase of 0.4%, reaching 35.90 Thai baht. Meanwhile, the euro EURTHB, +0.33% rose by 0.3% to 38.30 baht.

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