Thai Stock Market Experiences Slight Decline Amid Profit-Taking and Stronger US Dollar

Bangkok: Thai stocks closed the morning session down 1.15 points. The Stock Exchange of Thailand (SET) closed this morning at 1,242.99 points, down 1.15 points (-0.09%), with a trading value of approximately 30.211 billion baht.

According to Thai News Agency, analysts revealed that the Thai stock market experienced profit-taking following a significant rise, and the strengthening US dollar put pressure on fund flows, causing most regional markets to fluctuate in negative territory. Meanwhile, global trade is beginning to return to normal.

Domestically, buying pressure on bank stocks, anticipating dividends, has helped push the index back somewhat. This has been offset by selling pressure on export stocks. For the afternoon, investors should monitor the outcome of Thai-US negotiations, Thai economic figures, and the baht's direction. Resistance is at 1,250 points and support at 1,230 points.