News

Thai Stocks Decline

James L. Flint

• December 27, 2023

The Thailand SET Index SET experienced a slight decline of 0.1% to reach 1,411.67 on Wednesday.

Decliners in the Market

In the industrial goods sector, Cal-Comp Electronics CCET saw the largest decline, dropping by 6.1%. Following closely is Asia Network Intl ANI, a transportation/logistics company, with a decline of 5.6%. Financial services company Srisawad SAWAD also faced a decline of 4.1%.

Leaders in the Session

Super Turtle TURTLE, a media/entertainment company, emerged as the top leader of the session, experiencing a significant increase of 9.7%. Exotic Food XO, on the other hand, gained 7.1%. Jasmine Tech Soln JTS, operating in the technology space, secured a spot among the top three leaders with a 6.0% increase.

Southeast Asia Overview

In Singapore, the FTSE Straits Times Index STI gained 1.0%, while Malaysia's FTSE Bursa Malaysia KLCI FBMKLCI rose by 0.2%. The Philippines' PSEi Index PSEI dropped by 0.6%, while Indonesia's JSX Composite Index JAKIDX saw a slight increase of 0.1%.

Asia-Pacific Region Highlights

Hong Kong witnessed an uptick in stocks, with the Hang Seng Index HSI gaining 1.7%. Similarly, Japan's NIKKEI 225 Index NIK saw a 1.1% increase. China's Shanghai Composite Index SHCOMP also experienced moderate growth, rising by 0.5%.

South Korea's KOSPI Composite Index 180721 rose by 0.4%, and Australian stocks on the S&P/ASX 200 Benchmark Index XJO saw an increase of 0.8%.

Currency Trends

On the currency front, the U.S. dollar USDTHB fell by 0.6% against the Thai baht, resulting in an exchange rate of 34.36 baht. The euro EURTHB also faced a decline of 0.5%, reaching 37.98 baht.