The Thai stock market closed on a positive note, with modest gains driven by strong performances from the food, industrial, resource, and technology sectors. However, the market was held back by weaknesses in the financial, property, and service sectors. The Stock Exchange of Thailand (SET) finished at 1,210.94, rising by 4.35 points or 0.36%. The day’s trading volume reached 9.17 billion shares, valued at 40.96 billion baht. Among the active stocks, notable gainers included Banpu (+4.26%), PTT Global Chemical (+7.22%), and Gulf (+2.03%), while some stocks like Bangkok Bank and Energy Absolute saw declines.
Globally, the financial markets also saw an upbeat outlook, with the U.S. and European markets experiencing significant gains. The U.S. markets saw a major rally following the announcement of a U.S.-China trade deal. The Dow Jones surged 2.81%, the Nasdaq rose 4.35%, and the S&P 500 gained 3.26%. The trade agreement between the two countries led to a reduction in tariffs, boosting market sentiment. Additionally, crude oil prices surged by 1.5%, driven by optimism regarding increased demand as a result of the trade deal.
The positive developments in global trade have contributed to the overall bullish outlook in the markets, which is expected to persist into the coming week.
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