Thai stocks continue to rise, best in Asia

Thai stocks are rising the best in Asia. Since Prime Minister Yingluck took office, stocks have risen 100 points. Brokers say the budget has passed. Vayuphak 1 is ready to enter. Recommend BIG CAP. The Stock Exchange of Thailand index today continued to rise. At 3:18 p.m., the index was at 1,427.66 points, up 23.38 points (+1.66%), with a trading value of approximately 79,910 million baht. Since Ms. Paethongtarn Shinawatra received the royal command to become the 31st Prime Minister on August 18, 2024, the index has increased by more than 100 points today. Mr. Chaiyos Jiwankur, Director of Securities Analysis, Krungsri Securities, said that the Thai stock market this afternoon has adjusted better, the most in the Asian region. Positive factors from investors trusting the Cabinet's policies that will be driven through fiscal policy, expecting the disbursement of the government budget for 2024 and 2025 to be faster, including new money from the Vayuphak Fund 1, the Thai ESG Fund, and the digital wallet budge t paid to vulnerable groups. 'It is expected that the rest of this year, Thai stocks will improve further. The investment strategy focuses on BIG CAP that will benefit from both Vayuphak 1 and Thai ESG, such as the banking group, the ICT group, and the retail group, etc.' said Mr. Chaiyos. Source: Thai News Agency