Thai Stock Market Predicted to Initiate in Positive Territory
The U.S. economy expanded more than anticipated in the second quarter of 2025, according to recent estimates. Meanwhile, the Dow Jones Industrial Average, NASDAQ Composite, and S&P 500 all finished higher on Thursday.
In Asia, the Thai stock market saw a recovery on Thursday, ending a two-day slide. The SET, the Thai stock exchange, finished slightly higher, with the market leader in the AI industry, Marvell Technology, contributing to the growth. Marvell Technology released its second-quarter results on Thursday, mostly meeting expectations but with data center sales below estimates.
The SET index perked 2.06 points or 0.17 percent. Among the active stocks, Bangkok Bank, Bangkok Expressway, B. Grimm, BTS Group, CP All Public, Energy Absolute, Gulf and TTB Bank, Kasikornbank, Krung Thai Bank, Krung Thai Card, PTT Oil & Retail, PTT Exploration and Production, PTT Global Chemical, SCG Packaging, Siam Commercial Bank, Siam Concrete, Thai Oil, Charoen Pokphand Foods, Thailand Airport, True Corporation, Bangkok Dusit Medical, and Advanced Info had various movements.
The global forecast for Asian markets suggests little movement ahead of key U.S. inflation data. The lead from Wall Street suggests mild upside as the major averages opened mixed but tracked steadily higher, ending near session highs. West Texas Intermediate crude for October delivery was up $0.42 or 0.65 percent at $64.57 per barrel, with crude oil prices moving higher on Thursday.
The Labor Department noted a modest decrease by first-time claims for U.S. unemployment benefits last week. The Commerce Department's report on personal income and spending in July, including the Federal Reserve's preferred readings on consumer price inflation, is scheduled for release later today.
Volume on the SET was 7.933 billion shares worth 35.798 billion baht. There were 260 decliners and 192 gainers on the SET, with 196 stocks finishing unchanged.
In other news, Nvidia (NVDA) reported second-quarter results that largely exceeded expectations. However, data center sales from Nvidia came in below estimates. No specific breaking news, medical news, active stocks, bourses, or commercial bank news were provided.
The Thai stock market is currently above the 1,250-point plateau. The market is expected to maintain its upward trend as long as the global economy continues to recover and investor confidence remains strong.
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