BANGKOK: The Thai stock market closed with a slight decline, ending the day down 3.16 points, or 0.22%, at 1,439.89 points. The day’s trading saw a total value of 41,406.39 million baht as profit-taking in the energy and refinery sectors countered initial morning gains.
According to Thai News Agency, the market initially showed strength in early trading sessions but succumbed to pressure in the afternoon as investors capitalized on profits from the energy and refinery sectors. Despite a recovery in DELTA shares, the upward momentum was insufficient to lift the overall market out of the red.
Looking ahead, analysts anticipate a potential rebound in the stock market as investors await economic stimulus measures from China and the release of the US Producer Price Index (PPI) figures later tonight. Market observers have identified a support range of 1,437 points and a resistance level of 1,450 points for tomorrow’s trading session.