Thai SET Index Rises on Prime Minister confirmation, Analysts Predict Range of 1,240-1,280 Points
Bangkok – Thailand‘s SET index closed today, september 5, 2024, at 1,264.80 points, a gain of 12.25 points - representing a 0.98% increase – with a total trading value of 51,657.81 million baht. The rise follows the House of Representatives’ approval of Anutin Charnwirakul, from the Bhumjaithai Party, as Thailand’s 32nd Prime Minister.
The confirmation of a new Prime Minister provides political clarity, driving positive sentiment in the Thai stock market.This development is meaningful for investors and businesses alike, offering a degree of stability after a period of uncertainty.Analysts at Bua Luang Securities anticipate continued market volatility next week, potentially driven by profit-taking, but project the index will fluctuate within a range of 1,240 to 1,280 points.
Significant large-lot transactions included 62 million shares of GULF, traded at 47 baht per share for a total value of 2,914 million baht, and 311 million shares of Eastw, traded at 2 baht per share for a total value of 622 million baht.
investors seeking further capital market news and analysis can find resources at:
Web: https://www.mitihoon.com/
Facebook: https://www.facebook.com/mitihoon
Youtube: https://www.youtube.com/@mitihoonofficial7770
Tiktok: http://www.tiktok.com/@mitihoon
