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SET Surges on Cabinet Approval of 400 Billion Baht Loan Decree - Flows Influx

SET Surges on Cabinet Approval of 400 Billion Baht Loan Decree - Flows Influx

Prachachat•Economy•3d ago

Reader Briefing

The Thai stock market experienced a significant rise following the Cabinet's approval of a 400 billion baht loan decree, coupled with positive geopolitical developments and a return of foreign investment.

  • •The Stock Exchange of Thailand (SET) index closed at 1,516.91 points, an increase of 26.81 points (+1.80%).
  • •Trading value reached 82 billion baht.
  • •The Cabinet approved a royal decree for a 400 billion baht loan.
  • •Positive developments in the Middle East contributed to the market's optimism.
  • •Foreign capital started to flow back into the Thai stock market.

Overview

  • •On May 6, SET index closed at 1,516.91 points, increasing by 26.81 points (+1.80%).
  • •The trading value for the day was 82 billion baht.
  • •The SET index surged in response to the Cabinet's approval of a royal decree for a 400 billion baht loan.
  • •Positive developments in the Middle East also contributed to the market's upward movement.
  • •Foreign capital began to flow back into the Thai stock market.
  • •Stocks related to government investment, such as power plants (GULF, GPSC, BGRIM, GUNKUL) and construction (STECON, CK), saw gains.
  • •The loan decree includes funds for energy infrastructure restructuring.
  • •Electronics component stocks, led by DELTA and KCE, continued to rise, benefiting from global tech stock uptrends and AMD's performance.

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Key Entities

Organization

Stock Exchange of Thailand(SET)ℹ️
The main stock exchange index in Thailand.
Cabinet(ครม.)ℹ️
The council of ministers responsible for government administration in Thailand.
INVX
an abbreviation for the securities company 'Securities Investment EX' (บริษัท หลักทรัพย์ อินโนเวสท์ เอกซ์ จํากัด).
Securities Investment EX Company Limited(บริษัท หลักทรัพย์ อินโนเวสท์ เอกซ์ จํากัด)
The securities company that provided the report on the SET index.
GULFℹ️
A stock symbol representing Gulf Energy Development Public Company Limited, a power plant company.
GPSCℹ️
A stock symbol representing Global Power Synergy Public Company Limited, a power plant company.
BGRIMℹ️
A stock symbol representing B.Grimm Power Public Company Limited, a power plant company.
GUNKULℹ️
A stock symbol representing GUNKUL Engineering Public Company Limited, an energy and engineering company.
STECONℹ️
A stock symbol representing Sino-Thai Engineering and Construction Public Company Limited, a construction company.
CKℹ️
A stock symbol representing CH. Karnchang Public Company Limited, a construction company.
DELTAℹ️
A stock symbol, likely representing Delta Electronics (Thailand) Public Company Limited, an electronics components company.
KCEℹ️
A stock symbol representing KCE Electronics Public Company Limited, an electronics components company.
AMDℹ️
Advanced Micro Devices, a semiconductor company whose performance is mentioned as a positive factor for electronics stocks.

Law

400 Billion Baht Loan Decree(พ.ร.ก. เงินกู้ 4 แสนล้าน)
A royal decree authorizing a 400 billion baht loan, approved by the Cabinet.