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Thailand Stocks Rebound, SET Index Up 0.2%


Thailand stocks showed resilience on Thursday as the all-company Thailand SET Index TH:SET rose 0.2% to 1,494.22, reversing a one-day declining streak.

Leaders and Losers

Mahachai Hospital TH:M emerged as the top gainer during the session, enjoying a significant 7.3% increase. Joining the upward momentum was Carabao Group TH:CBG, a prominent player in the food/beverages/tobacco sector, with a gain of 4.6%. Completing the top three leaders was Forth TH:FORTH, an industrial goods company, as its shares climbed 4.0%.

On the other hand, Bumrungrad Hospital pfd. TH:BH, a health care/life sciences firm, experienced a substantial decline of 43.4%. Meanwhile, Thai Life Insurance TH:TLI, a financial services company, saw its shares decrease by 3.6%. Also contributing to the downtrend was Siam Wellness Group TH:SPA, a business/consumer services company, with a decline of 3.4%.

Southeast Asia Market Highlights

In Southeast Asia, the FTSE Straits Times Index SG:STI in Singapore saw gains of 2.0%. Conversely, Malaysia’s FTSE Bursa Malaysia KLCI MY:FBMKLCI experienced a slight drop of 0.1%. The Philippines’ PSEi Index PH:PSEI rose 1.7%, while Indonesia’s JSX Composite Index ID:JAKIDX remained stable.

Asia-Pacific Region Highlights

Across the Asia-Pacific region, Hong Kong stocks witnessed an upsurge as the Hang Seng Index HK:HSI increased by 2.6% to reach 19,350.62. Japanese companies also experienced growth, with the NIKKEI 225 Index JP:NIK rising by 1.5%. China’s Shanghai Composite Index CN:SHCOMP added 1.3%.

South Korean stocks showed positive movement, with the KOSPI Composite Index KR:180721 recording a gain of 0.6%. Australian stocks also performed well, as the S&P/ASX 200 Benchmark Index AU:XJO increased by 1.6%.

Currency Update

In terms of currency, the U.S. dollar USDTHB weakened against the Thai baht, falling by 0.4% to 34.54 baht. The euro EURTHB also experienced a slight decline of 0.1%, reaching 38.57 baht.

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