Thai Stocks Experience Decline

by webmaster

Thailand’s SET Index SET, +0.01% dropped by 0.1% to 1,413.97 on Friday. Among the companies, Hana Microelectronics HANA, -6.22% recorded the largest decline, falling by 4.4%. Following closely was KCE Electronics KCE, -2.36%, an industrial goods company, with a decline of 3.9%. Another company, Thanulux TNL, +3.57%, experienced a decrease of 3.4%.

However, CPN Retail Growth Lease CPNREIT, +3.88%, a real estate company, showed notable resilience during the session by rising up by 8.4%. Additionally, firm Thai Coconut COCOCO witnessed a surge of 8.3%. Finally, Jasmine Tech Soln JTS, +5.56%, operating in the technology sector, secured its position as one of the top three leaders on Friday with shares adding 7.7%.

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Performance Across Southeast Asia

While Thailand faced a decline, other parts of Southeast Asia had mixed results. Singapore’s FTSE Straits Times Index STI, -0.28% and Malaysia’s FTSE Bursa Malaysia KLCI FBMKLCI, -0.27% both declined by 0.3%. On the other hand, the Philippines’ PSEi Index PSEI, +0.33% gained 0.3%, and Indonesia’s JSX Composite Index JAKIDX, +0.28% increased by the same percentage.

Performance in Other Asian Markets

Moving to other Asian markets, Hong Kong stocks experienced a decline with the Hang Seng Index HSI, -2.12% dropping by 2.1%. However, Japan’s NIKKEI 225 Index NIK, +0.48% saw an increase of 0.5%. Meanwhile, China’s Shanghai Composite Index SHCOMP, +0.11% recorded a modest increase of 0.1%.

South Korea’s KOSPI Composite Index 180721, -0.74% showed a decline of 0.7%, and Australia’s S&P/ASX 200 Benchmark Index XJO, -0.13% dropped by 0.1%.

Currency Movement

In currency news, the U.S. dollar USDTHB, -0.28% fell by 0.2%, settling at 35.13 Thai baht. Similarly, the euro EURTHB, -0.25% also experienced a decline of 0.2%, reaching 38.14 baht.

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