Thai stock market expected to remain rangebound

The Thai stock market is expected to remain rangebound following a period of alternating positive and negative finishes. The Stock Exchange of Thailand (SET) recently sat just above the 1,610-point plateau, having closed at 1,612.62 after a decline of 11.74 points, or 0.72 percent.

On the day of the decline, losses in the food, finance, property, service, and technology sectors were offset by support from industrial and resource stocks. Trading volume reached 10.799 billion shares, valued at 69.950 billion baht. The market outlook for Thursday remains uncertain due to a lack of clear catalysts and murky global forecasts for Asian markets.