Thailand’s stock market experienced a decline on Monday, with the composite Thailand SET Index SET dropping 0.8% to 1,370.89. Notably, Krung Thai Bank (KTB), a prominent financial services firm, suffered the largest decline, plummeting by 11.0%. Following suit, shares of business/consumer services company JMT Network Services (JMT) also dropped significantly by 7.1%. Additionally, retail/wholesale company Index Living Mall (ILM) saw a decline of 4.3%.
Top Performers Amid the Decline
Among the volatile market conditions, TMBThanachart Bank (TTB), another financial services company, emerged as the biggest leader during the session, experiencing a notable increase of 6.5%. Health care/life sciences firm Master Style (MASTER) also performed well, gaining 6.1%. Lastly, Thai Stanley Electric (STANLY), which primarily operates in the automotive sector, rounded out the top three leaders on Monday, with shares adding 3.8%.
Performance in Other Southeast Asian Markets
In other parts of Southeast Asia, Singapore’s FTSE Straits Times Index dropped by 0.1%, while Malaysia’s FTSE Bursa Malaysia KLCI added 0.3% to its value. The Philippines’ PSEi Index witnessed a significant gain of 1.2%, and Indonesia’s JSX Composite Index added 0.3%.
Amidst regional markets, the Hang Seng Index of Hong Kong companies experienced a substantial decline of 2.3%. However, the NIKKEI 225 Index of Japanese companies gained 1.6%. The Shanghai Composite Index of Chinese companies also saw a decline of 2.7%.
Other Market Movements
South Korea’s KOSPI Composite Index fell 0.3%, while Australia’s S&P/ASX 200 Benchmark Index gained 0.7%.
On the currency front, the U.S. dollar saw an increase of 0.4%, climbing to 35.66 Thai baht. Similarly, the euro experienced a similar increase of 0.4%, reaching 38.86 baht.
