The Stock Exchange of Thailand in March followed in February’s footsteps with a slight gain of 0.5% or 7.27 points to close the month at 1,377.94, with average daily turnover of 41.2 billion baht, down 8.4% from the month before.
The market had its ups and downs throughout the month as Thailand’s economic situation and investor sentiment remained dull. Essentially, the SET was mainly a trading market. Both the low and high for the month were set in the first two weeks: 1,350.98 and 1,395.88 points, respectively.
Although the Senate passed the fiscal budget for 2024 in late March, overall sentiment was not positive until the end of March. Export growth of 7% was reported, but excluding gold, exports declined from the month before, hurt by negative sentiment about automobile production, which decreased 19.3%.
As we expected, the SET bottomed out. With…
