Thai Stocks Decline for Second Consecutive Session
The Thai stock market experienced a decline for the second consecutive session on Tuesday, as the composite Thailand SET Index SET, -0.36% dropped 0.4% to 1,411.54.
Declining Stocks
Thai President Foods TFMAMA, +11.44%, a notable firm, faced the largest decline, falling 8.9% in the session. Following closely was transportation/logistics company Precious Shipping PSL, -0.57%, which saw a decline of 6.9%. Additionally, shares of business/consumer services company VGI VGI, +3.70% dropped by 4.5%.
Rising Stocks
On the other hand, Birla Carbon (Thailand) BCT, a basic materials/resources company, emerged as the biggest winner during the session, with a rise of 4.2%. The firm Ichitan Group ICHI, -1.99% also performed well, experiencing a 4.1% growth. Furthermore, TQM Alpha TQM, operating in the financial services space, appeared in the top three leaders on Tuesday, with shares gaining 3.3%.
Southeast Asian Markets
In Southeast Asia, Singapore's FTSE Straits Times Index STI, -0.38% declined by 0.4%, while Malaysia's FTSE Bursa Malaysia KLCI FBMKLCI, -0.09% dropped by 0.1%. However, the Philippines' PSEi Index PSEI, +0.88% saw an increase of 0.9%, while Indonesia's JSX Composite Index JAKIDX, -0.51% faced a decline of 0.5%.
Asia-Pacific Region
In other parts of the Asia-Pacific region, the Hang Seng Index HSI, -1.65% representing Hong Kong companies fell significantly by 1.6%, while the NIKKEI 225 Index NIK, -1.34% of Japanese companies declined by 1.3%. The Shanghai Composite Index SHCOMP, -0.04%, representing Chinese companies, remained flat.
South Korea's KOSPI Composite Index 180721, -2.33% witnessed a significant drop of 2.3%, whereas Australia's S&P/ASX 200 Benchmark Index XJO, -0.29% experienced a smaller decline of 0.3%.
Currency Update
On the currency front, the U.S. dollar USDTHB, +0.08% climbed by 0.1%, reaching 35.55 Thai baht, whereas the euro EURTHB, -0.13% saw a decrease of 0.1%, settling at 38.03 baht.
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