# Market Roundup 2 August 2024

- Link: https://www.thailand-business-news.com/markets/154890-market-roundup-2-august-2024
- Published: 2024-08-03T10:47:10+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index fell by 0.73%, reflecting global market trends and PMI data
from China and the US. BTS Group announced restructuring, including a rights offering
and acquisitions. **

## SET Index Decline Amid Global Market Impact

 https://twitter.com/SET_Thailand_EN/status/1819327733769687399

Thailand’s SET Index closed at 1,313.08 points, falling by 9.67 points or 0.73% 
with a trading value of 34.65 billion baht.

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 1. SET: This is the main index for the Thai stock market. The index value closed at
    1,313.08, which is down by 9.67 points or a 0.73% decrease from the previous day’s
    close.
 2. Value(M): It indicates the total market value traded on that day in millions, which
    is 34,702.66 million Thai Baht.
 3. SET50: This index tracks the performance of the top 50 large-cap companies listed
    on the SET. It closed at 827.63, down by 5.19 points or 0.62%.
 4. SET50FF: SET50 Free Float Index index, a free float-adjusted index. It closed at
    807.95, a decrease of 5.26 points or 0.65%.
 5. SET100: This index monitors the top 100 companies on the SET by market capitalization.
    It closed at 1,801.53, down by 13.53 points or 0.75%.
 6. mai: This refer to the Market for Alternative Investment, which is a sub-market
    of the SET for smaller or emerging companies. It closed at 322.56, down by 5.47
    points or a 1.67% decrease.

An analyst cited underwhelming PMI figures from China and the US as factors for 
the decline, aligning with global market trends. Despite this, data raised hopes
for a potential Federal Reserve rate cut, prompting profit-taking. Concurrently,
the Japanese market saw a downturn due to the Bank of Japan’s interest rate hike.

## BTS Group’s Strategic Moves and MINT’s European Prospects

BTS Group announced restructuring initiatives, including a rights offering to raise
13.17 billion baht, leading to an 18.2% dilution for current shareholders. Additionally,
BTS plans to acquire ROCTEC TB and RABBIT TB through tender offers. Meanwhile, Minor
International Public Company Limited (SET: MINT) remains optimistic about its European
business, with robust third-quarter bookings and double-digit revenue growth. MINT’s
performance across Europe, despite concerns around the Paris Olympics, indicates
sustained strong momentum for the rest of 2024.