An electronic display of stock indices at a brokerage. (Bangkok Post file photo)
The hot issue the past week was the policy interest rate cut by the Bank of Thailand on Wednesday.
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An electronic display of stock indices at a brokerage. (Bangkok Post file photo)
The hot issue the past week was the policy interest rate cut by the Bank of Thailand on Wednesday. The move surprised the market, with the SET index surging 20 points that afternoon. On Friday it pushed above 1,500 for the first time since August 2023.
Most market participants were not expecting the Monetary Policy Committee (MPC) to make a move until its last meeting of the year in December. But the 5-2 vote in favour of a cut of 25 basis points (bps) sent a clear signal. As a consequence, rate-sensitive stocks soared across the board…