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Tuesday, May 7, 2024

Brokers upbeat on Pheu Thai’s role in new government

An investor examines stock market movement at Asia Plus Securities headquarters on Sathon Road.

Although prolonged political uncertainty has been weighing on the stock market, brokers share a positive view of Pheu Thai Party’s leadership role in forming the new government as the party has policies to drive the economy and investment through capital markets, benefitting large-cap stocks.

The Stock Exchange of Thailand (SET) index fell by 1.37% on Thursday after the Constitutional Court postponed its ruling on prime minister nominations to Aug 16. As a result, House Speaker Wan Muhamad Noor Matha indefinitely postponed…

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