Bangkok: Thai stocks closed with an increase of 7.68 points at the Stock Exchange of Thailand today, reaching 1,107.69 points. This represents a 0.70% rise, accompanied by a trading value of 62,662.66 million baht.
According to Thai News Agency, analysts have noted that the Thai stock market's performance mirrors the trend in regional markets. The improved investment atmosphere followed the decision by the Monetary Policy Committee to maintain interest rates while also raising this year's GDP forecast, despite a reduction to 1.7% for the next year. The stocks that saw a rebound were those that had previously experienced sharp declines, indicating short-term speculation rather than changes in fundamental factors. The index's closure above 1,094 points at noon suggests a return to an uptrend, which is expected to persist. Analysts have identified the first resistance level at 1,125 points, with subsequent levels at 1,133 and 1,166 points, and a support level at 1,100 points.