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Market Update: Thailand Stocks Decline

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Thai SET Index SET -0.12% drops 0.1% to 1,496.13

Thailand’s stock market experienced a reversal of fortunes on Tuesday, putting an end to a two-day winning streak. The composite Thailand SET Index SET, -0.12% declined by 0.1%, closing at 1,496.13.

Top Decliners

  • Bumrungrad Hospital pfd. BH.P, a prominent health care and life sciences firm, witnessed the largest decline, with shares plummeting by 43.4%.
  • Dohome DOHOME, a retail and wholesale company, also experienced a significant decrease of 7.4%.
  • Bangkok Airways BA, a transportation and logistics company, saw a decline of 5.3% in their shares.

Top Gainers

  • Ditto Thailand DITTO, a technology company, emerged as the biggest leader during the session, with a remarkable increase of 7.0%.
  • Karmarts KAMART, a consumer goods firm, also experienced substantial growth, gaining 6.1%.
  • Polyplex (Thailand) PTL, which operates in the basic materials and resources sector, rounded out the top three leaders on Tuesday with shares increasing by 5.0%.

Other Southeast Asian Markets

  • Singapore’s FTSE Straits Times Index STI rose by 0.3%.
  • Malaysia’s FTSE Bursa Malaysia KLCI FBMKLCI also saw an increase of 0.6%.
  • The Philippines’ PSEi Index PSEI gained 0.3%.
  • Indonesia’s JSX Composite Index JAKIDX experienced a significant increase of 1.0%.

Asian Markets Overview

  • Hong Kong’s Hang Seng Index HSI added 1.0%.
  • Japan’s NIKKEI 225 Index NIK remained flat.
  • China’s Shanghai Composite Index SHCOMP gained 0.6%.

South Korean and Australian Markets

  • South Korea’s KOSPI Composite Index 180721 rose by 1.7%.
  • Australia’s S&P/ASX 200 Benchmark Index XJO gained 1.5%.

Currency Update

On the currency front, the U.S. dollar USDTHB fell by 0.7% to 34.86 Thai baht, while the euro EURTHB also saw a decrease of 0.7%, settling at 38.37 baht.

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