# Market Roundup 14 August 2024

- Link: https://www.thailand-business-news.com/markets/156646-market-roundup-14-august-2024
- Published: 2024-08-15T10:40:32+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index increased by 0.39% to reach 1,292.69 points amidst speculation
about the fate of PM Srettha Thavisin. Following his ousting, the index dropped 
by 15 points, but it saw a slight recovery due to selective stock purchases.**

## Thai Stock Market falls Amid Political Turmoil

Thailand’s SET Index closed slightly higher at 1,292.69 points, up by 5.10 points
or 0.39%, with a trading value of 53.35 billion baht 14 August, and opened at 1285.41
on 15 of August.

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![](https://b2thbz.siamnews.network/2024/08/image.png)

 Initially, speculation about Prime Minister Srettha Thavisin avoiding dismissal
fueled the morning market rise. However, the index dropped by 15 points following
the court’s decision to oust Thavisin and dissolve the cabinet. Analysts predict
the market’s future performance will depend on how quickly a new Prime Minister 
is appointed.

## Constitutional Court Removes Thai PM Srettha Thavisin

On Wednesday, Thailand’s Constitutional Court removed Prime Minister Srettha Thavisin
for breaching the constitution through an unethical cabinet appointment. The court’s
5-4 decision found that Srettha’s inclusion of a controversial lawyer violated ethical
standards. This rapid political shift has required parliament to convene for selecting
a new premier. Deputy Prime Minister Phumtham Wechayachai is expected to act as 
the caretaker Prime Minister during the transition.

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