Thailand stocks started the week on a positive note, with the composite Thailand SET Index SET gaining 1.3% to reach 1,433.67. VGI, a business/consumer services company, emerged as the top performer during the session, surging 13.0%. Following closely behind was financial services firm Beyond Securities, which saw a significant jump of 10.6%. Thai Coconut, another player in the industry, rounded out the top three leaders on Tuesday, with shares soaring by 10.1%.
However, Super Turtle, a media/entertainment firm, experienced the largest decline, dropping by 7.1%. Energy company Bangchak also suffered a setback, with shares declining by 5.2%. Technology giant Xiaomi Corp. TDR also faced a decrease of 4.9%.
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index declined by 0.3%, while Malaysia’s FTSE Bursa Malaysia KLCI fell by 0.1%. Conversely, the Philippines’ PSEi Index showed promising growth, adding 1.6%, and Indonesia’s JSX Composite Index increased by 0.7%.
Moving on to the Asia-Pacific region, Hong Kong stocks experienced a downturn, with the Hang Seng Index down by 1.5%. Meanwhile, the Tokyo Stock Exchange in Japan remained closed. The Shanghai Composite Index of Chinese companies also faced a decline of 0.4%.
On a more positive note, South Korean stocks registered a gain, with the KOSPI Composite Index increasing by 0.5%. Australia’s S&P/ASX 200 Benchmark Index also rose by 0.5%.
In terms of currency exchange rates, the U.S. dollar fell by 0.6% against the Thai baht, reaching 34.18 baht. The euro also saw a decline of 0.7%, amounting to 37.72 baht.
