Bangkok: Thai stocks closed up 17.51 points as the Stock Exchange of Thailand ended the day at 1,264.47 points, marking an increase of 1.40%. The trading value totaled 65,232.67 million baht.
According to Thai News Agency, analysts predict that Thai stocks are likely to continue their upward trend, driven by several key factors. These include the inflow of funds resulting from expectations of a Federal Reserve rate cut, weakening bond yields, and renewed interest in global risk assets. Additionally, clarity on US tax rates and improved corporate profit estimates in Thailand are further supporting the positive momentum.
The outlook for the market remains strong, with analysts indicating resistance at 1,273 points and support at 1,250 points for tomorrow's trading. The current environment suggests that investor confidence is bolstered by both domestic and international economic factors, which could propel the market higher in the near term.