Thailand’s stock market experienced an increase on Wednesday, with the all-company Thailand SET Index SET rising by 0.4% to reach 1,400.81.
Technology Companies Soar
During the session, technology company Jasmine International JAS emerged as the biggest leader, soaring by an impressive 24.7%. Ditto Thailand, another technology firm, also experienced significant growth, jumping by 13.8%. Sappe, an operating company in the same space, secured the third position among leaders on Wednesday, with shares adding 6.8%.
Declining Companies
On the other end of the spectrum, media/entertainment firm Super Turtle posted the largest decline, dropping by 2.7%. Health care/life sciences company Thonburi Healthcare Group followed closely behind with a decline of 2.2%. Company Thai Union Group also faced a decrease in shares, declining by 2.1%.
Southeast Asia Market Overview
The FTSE Straits Times Index of Singapore witnessed a decline of 0.3%, while Malaysia’s FTSE Bursa Malaysia KLCI fell by 0.1%. The PSEi Index of the Philippines remained flat, and Indonesia’s JSX Composite Index increased by 0.4%.
Other Asian Markets
Hong Kong stocks saw an increase, with the Hang Seng Index up by 0.7%. Japanese companies also experienced growth, as the NIKKEI 225 Index added 1.4%. However, Chinese companies faced a decline, with the Shanghai Composite Index falling by 1.0%.
The KOSPI Composite Index of South Korean stocks rose significantly by 1.8%, while Australia’s S&P/ASX 200 Benchmark Index added 0.7%.
Currency Movement
In terms of currency exchange rates, the U.S. dollar climbed by 0.1% to 34.88 Thai baht, while the euro fell by 0.1% to 38.22 baht.