# Market Roundup 5 July 2024: Thailand’s SET Index closed at 1,311.99 points up 0.84%

- Link: https://www.thailand-business-news.com/markets/149982-market-roundup-5-july-2024-thailands-set-index-closed-at-1311-99-points-rising-0-84
- Published: 2024-07-06T08:44:43+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index rose 10.95 points to 1,311.99, driven by retail stocks and
speculative electronic component buys. Lower-than-expected inflation may influence
interest rates. Political uncertainties loom.**

## Key Takeaways

 * Thailand’s SET Index rose due to retail stocks and speculative electronic component
   buys, driven by the digital wallet scheme and expectations of positive 2Q24 earnings.
 * Lower-than-expected inflation in Thailand may influence interest rates and encourage
   yield play investments.
 * Political uncertainties in various countries, including the U.S., France, and
   the U.K., are impacting the global political landscape.

## Thailand’s SET Index Performance

Thailand’s SET Index closed at 1,311.99 points, rising 10.95 points or 0.84%, with
a trading value of 32.90 billion baht. Analysts noted the Thai stock market outperformed
regional counterparts, driven by gains in retail stocks due to the digital wallet
scheme and speculative buying in electronic component stocks expecting positive 
2Q24 earnings.

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Low inflation and flexible monetary policy also encouraged yield play investments.
Next week, market movements are expected to be minimal amid political uncertainties.

## Key International Developments

Frujsonated congressional Democrats are urging President Biden to consider stepping
aside following a weak debate performance against Donald Trump. They are concerned
that Biden’s performance may have weakened the Democratic party’s position and believe
that a new candidate may have a better chance of winning the election. However, 
despite these calls, Biden remains firm in continuing his campaign.

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In France, Emmanuel Macron’s call for snap elections has raised concerns about political
stability during the Paris Olympics 2024, with fears of far-right influence. Meanwhile,
the U.K.’s Labour Party achieved a significant victory, ending the Conservatives’
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