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Thai SET Index rises for second day, led by PSG shares surge

EditorPollock Mondal
Published 11/03/2023, 06:50 PM
Updated 11/03/2023, 06:50 PM
© Reuters.

The SET Index in Thailand saw gains for the second consecutive day on Friday, with a 1.1% rise to reach 1,419.92 points. The surge was significantly influenced by the real estate and construction firm PSG, whose shares rocketed by 9.8%. Business and consumer services companies VGI and i-Tail also reported gains, with their shares increasing by 7.8% and 6.8%, respectively.

On the other hand, Ichitan Group's shares experienced a drop of 4.4%, marking the session's largest decline. This was followed by decreases in shares of Intouch Holdings and Sky ICT, which fell by 3.2% and 2.6% respectively.

Other Southeast Asian markets also posted gains on Friday. Singapore's FTSE Straits Times Index rose by 2.0%, Malaysia's FTSE Bursa Malaysia KLCI saw an increase of 0.7%, while the Philippines' PSEi Index grew by 0.3%. Indonesia's JSX Composite Index also experienced a rise of 0.6%.

In other Asia-Pacific markets, Hong Kong's Hang Seng Index grew by 2.5%, China's Shanghai Composite Index rose by 0.7%, and South Korea's KOSPI Composite Index added 1.1%. Notably, Japan's Tokyo Stock Exchange was closed during this period.

In currency markets, the U.S dollar depreciated by 0.8% to 35.70 Thai baht on Friday, while the euro fell by 0.6% to land at 37.99 baht.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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