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Thailand Stock Market Rises, Super Turtle Surges

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Thailand’s stock market showed positive momentum on Friday, with the all-company Thailand SET Index gaining 0.4% to reach 1,414.56.

Top Performers

Among the session’s top performers was Super Turtle, a well-known media/entertainment company, which surged by an impressive 10.5%. Another notable gainer was CP Axtra, a retail/wholesale firm, which saw a gain of 6.3%. Coming in third was Regional Container Lines, a transportation/logistics company, with shares rising by 5.8%.

Decliners in the Market

Not all companies experienced gains, as WHA Corp. PCL, a prominent real estate/construction firm, posted the largest decline, dropping by 3.2%. Following closely behind was i-Tail, which saw a drop of 2.9%. Thai Oil, an energy company, also experienced a decline with shares dropping by 2.8%.

Other Markets in Southeast Asia

While the Thailand stock market was on the rise, Singapore’s FTSE Straits Times Index dropped by 0.3%. In contrast, Malaysia’s FTSE Bursa Malaysia KLCI gained 0.3%. The Philippines’ PSEi Index increased by 0.4%, and Indonesia’s JSX Composite Index rose by 0.3%.

Asian Market Overview

Moving beyond Southeast Asia, Hong Kong’s Hang Seng Index fell by 0.4%, while Japan’s NIKKEI 225 Index increased by 1.5%. In China, the Shanghai Composite Index dropped by 0.2%.

South Korea and Australia

South Korea’s KOSPI Composite Index saw a decline of 0.6%, while Australia’s S&P/ASX 200 Benchmark Index declined by 0.1%.

Currency Updates

In terms of currency exchange rates, the U.S. dollar fell by 0.1% against the Thai baht, reaching 35.05 baht. The euro also experienced a decline of 0.1%, falling to 38.45 baht.

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