The Stock Exchange of Thailand (SET) has gained momentum, rising over 30 points or 2.1% in recent trading sessions, closing at 1,485.03. The positive sentiment is largely attributed to a two-week ceasefire agreement between the U.S. and Iran, which has buoyed Asian markets, although the Thai market’s reaction has been more tempered compared to the sharp spikes seen in the U.S. and European markets.

Sector performance was robust, with notable gains in finance, property, service, and technology. Advanced Info saw a slight decline, while Thailand Airport and Asset World surged by 3.32% and 6.54%, respectively. The overall market breadth was positive, with 346 gainers against 136 decliners, indicating strong investor confidence.

Looking ahead, the ongoing geopolitical developments and their impact on crude oil prices—down over 16% following the ceasefire—could influence market sentiment and sector performance in Thailand, particularly in energy and related sectors.

Source: nasdaq.com