The all-company Thailand SET Index SET, +0.37% showed signs of recovery on Wednesday, putting an end to a two-day decline. The index gained 0.4%, reaching 1,413.47.
Leaders and Decliners
During the session, transportation/logistics company Asia Aviation AAV, -1.52% emerged as the top performer, with a 5.6% increase. Basic materials/resources firm Birla Carbon (Thailand) BCT, +4.19% followed closely behind, with a 5.4% gain. Rounding out the top three leaders was Siam Wellness Group SPA, -0.84%, an organization specializing in business/consumer services, whose shares advanced by 5.1%.
On the other hand, technology firm True TRUE, -2.42% suffered the largest decline, dropping by 7.4%. Financial services company AIRA Capital AIRA, wasn’t far behind, with a decline of 5.8%. Similarly, financial services company Thai Group Holdings TGH, -1.16% saw their shares decrease by 5.3%.
Southeast Asia’s Performance
Singapore’s FTSE Straits Times Index STI, -1.45% experienced a significant 1.4% drop. Meanwhile, Malaysia’s FTSE Bursa Malaysia KLCI FBMKLCI, -0.39% saw a more moderate decline of 0.4%. However, the Philippines’ PSEi Index PSEI, +0.39% managed to increase by 0.4%, offsetting some losses in the region. In contrast, Indonesia’s JSX Composite Index JAKIDX, -0.58% suffered a 0.6% decline.
Market Performance Across Asia-Pacific
Moving beyond Southeast Asia, Hong Kong’s Hang Seng Index HSI, -0.58% experienced a 0.6% decrease. Similarly, Japan’s NIKKEI 225 Index NIK, -0.33% saw a decline of 0.3%. Meanwhile, China’s Shanghai Composite Index SHCOMP, -0.16% also fell, albeit more moderately, by 0.2%.
On a different note, South Korean stocks endured a 0.9% decline as reflected in the KOSPI Composite Index 180721, -0.91%. Conversely, Australian stocks witnessed a 0.3% increase, with the S&P/ASX 200 Benchmark Index XJO, +0.26% demonstrating positive growth.
Currency Updates
The U.S. dollar USDTHB, +0.06% remained steady at 35.56 Thai baht. On the other hand, the euro EURTHB, -0.22% saw a decline of 0.3%, amounting to 37.93 baht.