Thailand Stock Market Declines

by Warren Seah

Thailand’s stock market saw a slight decline on Thursday, with the composite Thailand SET Index SET, -0.12% dropping by 0.1% to reach 1,413.44.

Declining Stocks

Srisawad SAWAD, +5.06%, a notable financial services firm, recorded the largest decrease with a drop of 7.0%. Following closely behind was technology company Jasmine International JAS, +0.92%, which experienced a 6.4% decline. Additionally, shares of technology company Hana Microelectronics HANA, +9.04% fell by 5.7%.

Leading Performers

In contrast to the declining stocks, Moshi Moshi Retail MOSHI, +3.48%, another financial services company, emerged as the biggest leader during the session with a 5.8% increase. Similarly, real estate/construction firm Rojana Industrial Park ROJNA witnessed a significant rise of 5.4%. Sino-Thai Engg & Constr STEC, +4.79%, which operates in the real estate/construction sector, ranked among the top three leaders on Thursday as its shares increased by 4.6%.

Regional Market Highlights

Across Southeast Asia, Singapore’s FTSE Straits Times Index STI, +0.09% experienced a minor growth of 0.1%, while Malaysia’s FTSE Bursa Malaysia KLCI FBMKLCI, -0.15% faced a slight declination of 0.1%. The Philippines’ PSEi Index PSEI, +0.33% observed a positive uptrend of 0.3%, while Indonesia’s JSX Composite Index JAKIDX remained stable.

Asian Market Overview

Moving beyond Southeast Asia, the Hang Seng Index HSI, -1.36% of Hong Kong experienced a notable drop of 1.4%. Furthermore, Japan’s NIKKEI 225 Index NIK, -0.28% witnessed a slight decline of 0.3%. The Shanghai Composite Index SHCOMP, -0.71% in China observed a significant decrease of 0.7%.

However, South Korea’s KOSPI Composite Index 180721, +0.06% saw a modest increase of 0.1%, while the S&P/ASX 200 Benchmark Index XJO, -0.67% of Australian stocks encountered a decline of 0.7%.

Currency Market Update

In terms of currency exchange rates, the U.S. dollar USDTHB, -0.34% experienced a decrease of 0.4%, reaching 35.46 Thai baht. Similarly, the euro EURTHB, -0.23% depreciated by 0.2%, equaling 38.50 baht.

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