Bangkok: The Stock Exchange of Thailand closed the morning session at 1,207.89 points, marking an increase of 20.03 points or 1.69%, with a trading value of approximately 24,721 million baht.

According to Thai News Agency, analysts have highlighted that the Thai stock market’s rise past the 1,200-point mark was primarily influenced by China’s recent economic stimulus measures and indications of negotiations beginning between China and the United States. Additionally, there is an anticipation that in the next two to three weeks, there will be further progress in negotiations involving other countries.

Domestically, the market has seen speculative buying, particularly in the petrochemical and oil sectors. The outlook for the afternoon session suggests a continuation of the current trend, with the market expected to maintain its support level at 1,200 points and resistance level at 1,220 points.