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Thailand Stocks Rebound after Two-Day Slump

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The Thailand SET Index SET, -0.05% closed at 1,490.56 on Friday, marking a reversal in the recent downtrend.

Key Leaders

During the session, SISB SISB, a business/consumer services company, emerged as the top gainer with a 5.8% increase. Following closely behind was the health care/life sciences firm Mahachai Hospital M.CHAI, +1.47%, which saw a rise of 4.9%. BEC World BEC, -1.25%, operating in the media/entertainment sector, secured the third spot with a 3.8% increase in its shares.

Major Declines

On the other hand, Bumrungrad Hospital pfd. BH.P, a health care/life sciences firm experienced a significant decline of 43.4%, making it the largest loser of the session. Consumer goods company Thanulux TNL, +0.61% also witnessed a considerable drop of 7.9%. In addition, shares of leisure/arts/hospitality company S Hotels & Resorts SHR, -2.55% decreased by 5.9%.

Market Performance in Southeast Asia

Across Southeast Asia, Singapore’s FTSE Straits Times Index STI, -0.42% fell by 0.4%, while Malaysia’s FTSE Bursa Malaysia KLCI FBMKLCI, -0.60% experienced a decline of 0.6%. The Philippines’ PSEi Index PSEI, -1.47% dropped by 1.5%, and Indonesia’s JSX Composite Index JAKIDX, -0.60% also fell by 0.6%.

Asia-Pacific Region Overview

In Hong Kong, the Hang Seng Index HSI, -0.90% recorded a decrease of 0.9% among its listed companies. Meanwhile, Japan’s NIKKEI 225 Index NIK, -1.17% fell by 1.2%. China’s Shanghai Composite Index SHCOMP, -0.28% experienced a drop of 0.3%.

South Korea’s KOSPI Composite Index 180721, -1.16% decreased by 1.2%, and Australia’s S&P/ASX 200 Benchmark Index XJO, -1.69% witnessed a significant decline of 1.7%.

Currency Market

Regarding currency exchange rates, the U.S. dollar USDTHB, +0.09% strengthened by 0.1% against the Thai baht, reaching 35.19 baht. However, the euro EURTHB, -0.13% experienced a minor decrease of 0.1%, bringing the rate to 38.26 baht.

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