Thailand’s SET Index fell 0.26% due to profit-taking in key sectors and bond yield rebound. Minimum wage hike delayed; China’s PBOC cut short-term rates.
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Thailand’s SET Index fell 0.26% due to profit-taking in key sectors and bond yield rebound. Minimum wage hike delayed; China’s PBOC cut short-term rates. India rejects RCEP. U.S. proposes banning Chinese tech in autonomous vehicles.
#SETIndex closed (23 SEP 2024) 0.26 % lower, down 3.79 points to 1,447.90 >>https://t.co/zZdR4odqhD pic.twitter.com/GXlCnUJ4lP
— SET Thailand EN (@SET_Thailand_EN) September 23, 2024
Thai Stock Market and Vayupak Fund
Thailand’s SET Index closed at 1,447.90 points, down by 3.79 points or 0.26%, with a trading value of 50.67 billion baht. An analyst attributed the decline to profit-taking in communication, power plant, and finance stocks, influenced by the Vayupak Fund’s positive trend and the Fed’s interest rates downward trajectory, alongside the rebound of the 10-year bond yield.
Investors are keenly observing Vayupak Fund inflows anticipated in early October, with expectations of sideways trading and limited downside risk tomorrow.