The benchmark SET index slid more than 30 points on Monday before consolidating around 1,420 to 1,430 as selected stocks and sectors gained. Monday’s hefty sell-off was triggered by events in the Middle East as Israel’s retaliation against Hamas ignited worries that the situation may escalate and drag other groups into the conflict. Oil prices surged in tandem with rising geopolitical tension.
Certain stocks were pressured by specific factors while some sectors registered strong gains. Investors dumped Hana Microelectronics (HANA) following a private placement announcement, while some unloaded JMT Network Services (JMT) and Srinanaporn Marketing (SNNP) after some analysts revised valuations lower amid less bullish…
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