Thailand’s SET Index closed at 1,437.11 points, increased 9.57 points or 0.67% with a trading value of 35.25 billion baht. The analyst stated that the Thai stock market exhibited volatility, with a decline in the morning session followed by an uptick in the afternoon, potentially due to a result of gradual acquisitions by Vayupak Fund and ThaiESG Fund investors.
During the past three trading days, the index receded to approximately 1,420 points before rebounding back, with speculative buying noted in the retail and communication sectors in today’s trading session.
The analyst expected the Thai market to point to a dearth of fresh supporting factors tomorrow, while investors remain attentive to the impending announcement of the US manufacturing index.
The Thai Foreign Minister will be inviting Myanmar’s ambassador to discuss the release of four Thai fishing boat crew that have been detained by the Burmese military.
On 30 November 2024, a Burmese warship fired at three Thai fishing boats that had been seining for fish in the Andaman Sea, 12 nautical miles off the coast of Phayam island, Ranong province.
A private survey showed that China’s recent economic boosting strategies are bearing fruit in certain economic sectors as the country’s small-scale manufacturers recorded continued growth in November.
The manufacturing Purchasing Managers’ Index (PMI) registered at 51.5, surpassing the median projection of 50.5 from a Reuters poll. It also marks the second consecutive month where the official metric has stayed above the critical 50 threshold, separating growth from contraction.
House prices in Britain in November have skyrocketed at the fastest annual pace since the same month in 2022, adding to signs of resilience in the property market despite rising borrowing costs.
The prices surged 3.7% annually and surged 1.2% on a monthly basis. These numbers have exceeded the economist’s prior estimation.
On Sunday evening, President Joe Biden released a statement pardoning his son Hunter Biden on charges related to guns and taxes. This move contradicted Biden’s previous pledge not to use his executive power to benefit his family.
The pardoning came just weeks before his son was set to receive a prison sentence for firearm felonies and a guilty plea on tax evasion.
