Thailand’s SET Index closed at 1,452.55 points, increased 1.30 points or 0.09% with a trading value of 43 billion baht. The analyst stated that the Thai stock market largely moved in a negative territory, pressured by the energy stocks due to a sharp plunge of oil prices.
The analyst advised investors to monitor the US jobless claims tonight and the non-farm payroll for September on Friday, while expecting a resistance level for Thai SET Index at 1,460 and a support level at 1,440 points.
Thailand’s headline inflation rose 0.3% in September from the same period last year, slowing down from an increase of 0.88% year-on-year in August, the commerce ministry reported on Thursday.
The consumer price was better than a forecast for a 0.8% increase by a Reuters poll.
Meanwhile, the core consumer price was up 0.63% YoY in September, slowing down from 0.79% in August and lower than a 0.8% forecast.
According to the commerce ministry, the headline inflation is expected at 1.0 – 1.7% this year, while 4Q23 inflation should be slower than 3Q.
