Thailand Stocks Drop, While Some Companies See Gains

The Thailand SET Index TH:SET experienced a decline of 0.4% to reach a value of 1,407.91 on Monday. This drop was primarily driven by Star Petroleum Refining TH:SPRC, an energy firm, which saw the largest decline at 5.4%. Thoresen Thai Agencies TH:TTA, a transportation/logistics company, also experienced a significant drop of 4.6%. Muangthai Capital TH:MTC, a financial services company, saw a decrease of 4.3%.

On the other hand, there were a few companies that saw gains during this period. Super Turtle TH:TURTLE, a media/entertainment company, emerged as the biggest leader with a surge of 10.5%. Bangkok Land TH:BLAND, a real estate/construction firm, also experienced an increase of 5.3%. Karmarts TH:KAMART, another player in the same industry, rounded out the top three leaders on Monday with shares gaining 4.8%.

Moving to other parts of Southeast Asia, Singapore's FTSE Straits Times Index SG:STI rose by 0.2%, while Malaysia's FTSE Bursa Malaysia KLCI MY:FBMKLCI increased by 0.9%. The Philippines' PSEi Index PH:PSEI also saw a rise of 0.6%, whereas Indonesia's JSX Composite Index ID:JAKIDX fell by 0.2%.

Shifting our focus to the Asia-Pacific region, Hong Kong's Hang Seng Index HK:HSI experienced a decline of 0.2%, while the NIKKEI 225 Index JP:NIK, which represents Japanese companies, rose by 0.9%. China's Shanghai Composite Index CN:SHCOMP gained 0.1%.

In South Korea, the KOSPI Composite Index KR:180721 remained flat, while Australia's S&P/ASX 200 Benchmark Index AU:XJO also showed no significant change.

Regarding currency, the U.S. dollar USDTHB maintained its value at 34.91 Thai baht, while the euro EURTHB saw a slight increase of 0.1% to reach 38.25 baht.