The Thai stock market made a strong comeback yesterday, experiencing a rise of approximately 1.3%. This resurgence was mirrored in other regional markets which also bounced back from significant losses incurred on Friday. Investors are seemingly reassured by the belief that a full-scale war in the Middle East is unlikely.
This sentiment was further bolstered by the decision of the People’s Bank of China (PBOC) to maintain its current interest rates.
The Stock Exchange of Thailand (SET) index, which had dipped below the critical resistance point of 1,350 at the close of the previous week, rallied yesterday, April 22.
The surge saw the majority of trading dominated by large-cap stocks. The stocks with the most trading value for the day included Kasikornbank (KBANK), Jasmine International (JAS), Siam Commercial Bank (SCB), PTT Exploration and Production (PTTEP),…
