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SET Index extends losses for third session led by Com7 plunge

EditorPollock Mondal
Published 13-11-2023, 03:30 pm
© Reuters.
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Thailand's stock market continued its downward trajectory today, with the SET Index closing 0.4% lower in its third straight session of losses. The decline was led by retail firm Com7, which saw a sharp drop of 16.9%. Other notable declines included Thai Coconut and Chularat Hospital, with their shares falling by 13.5% and 11.6% respectively.

While some companies faced losses, Eastern Polymer Group stood out as the session's biggest gainer, with its shares climbing by 6.8%. The transportation and logistics sector also saw some positive movement with Regional Container Lines' shares increasing by 3.6%. In the technology segment, Xiaomi (OTC:XIACF) Corp experienced a rise of 3.5%.

In a broader view of Southeast Asian markets, the Philippines' PSEi Index fell by 0.7%, while Indonesia's JSX Composite Index enjoyed a rise of 0.4%. Trading was paused in Singapore and Malaysia, as stock exchanges in both countries were closed for the day.

Looking at the Asia-Pacific region, Hong Kong's Hang Seng Index outperformed with a climb of 1.3%. Japan's NIKKEI 225 Index edged up slightly by 0.1%, and China's Shanghai Composite Index increased by 0.2%. Conversely, South Korea's KOSPI Composite Index and Australia's S&P/ASX 200 Benchmark Index both experienced declines, each dropping by 0.2% and 0.4% respectively.

On the currency front, the U.S dollar held its ground against the Thai baht at 36.02, while the euro weakened to 38.51 baht.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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