On Thursday at 10:43 AM (Bangkok time), the share price of Chayo Group Public Company Limited (SET: CHAYO) increased by 1.46% or THB 0.06 to THB 4.16, with a trading value of THB 11.77 million.
Next Capital Public Company Limited (SET: NCAP) jumped by 5.45% or THB 0.12 to THB 2.32, with a trading value of THB 39.20 million.
Saksiam Leasing Public Company Limited (SET: SAK) soared by 4.63% or THB 0.25 to THB 5.65, with a trading value of THB 17.04 million.
Ngern Tid Lor Public Company Limited (SET: TIDLOR) rose by 2.14% or THB 0.40 to THB 19.10, with a trading value of THB 397.31 million.
Asia Sermkij Leasing Public Company Limited (SET: ASK) grew by 2.86% or THB 0.40 to THB 14.40, with a trading value of THB 12.65 million.
Krungthai Card Public Company Limited (SET: KTC) remained unchanged at THB 46.50, with a trading value of THB 104.29 million.
JMT Network Services Public Company Limited (SET: JMT) gained 2.16% or THB 0.40 to THB 18.90, with a trading value of THB 214.33 million.
Srisawad Corporation Public Company Limited (SET: SAWAD) surged by 1.15% or THB 0.50 to THB 44.00, with a trading value of THB 209.74 million.
Muangthai Capital Public Company Limited (SET: MTC) escalated by 1.90% or THB 1.00 to THB 53.50, with a trading value of THB 180.36 million.
SG Capital Public Company Limited (SET: SGC) edged up by 0.60% or THB 0.01 to THB 1.67, with a trading value of THB 68.18 million.
The surge in Thai leasing stocks can be largely attributed to the US Federal Reserve’s announcement of a 50-basis-point reduction in its interest rates. This rate cut aligns with the prior forecast made by the CME FedWatch Tool, which indicated a 63% likelihood of the central bank reducing rates by 0.5 percentage points.
Based on the Fed Dot Plot, a majority of 10 out of 19 policymakers opted for a decrease in interest rates by a minimum of 50 basis points during the final two meetings of 2024. Additionally, the central bank hinted at a cumulative reduction of 1 percentage point in 2025 and 0.5 percentage point in 2026. In summary, the Dot Plot forecasts a total 2 percentage point decrease in interest rates by the US Federal Reserve following the recent cuts.
Analysts predicted that the Monetary Policy Committee (MPC) would lower its policy rates by 0.25 percentage points by the end of the year, a move expected to provide a substantial stimulus for the Thai economy.
