# Thai Stock Market Surges on Heavy Trading

- Link: https://www.thailand-business-news.com/markets/160631-thai-stock-market-surges-on-heavy-trading
- Published: 2024-09-06T10:02:39+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index rose by 2.84% due to high trading volume and favorable market
conditions. Inflation decelerated in August. The Thai government plans to introduce
casinos. AI and semiconductor sectors project growth.**

> SET Index ประจำวันที่ 5 ก.ย. 1,404.28 +38.79 มีมูลค่าซื้อขาย 81,736.15 ล้านบาท
> นักลงทุนต่างประเทศซื้อ +7,484.60 ล้านบาท
> mai Index ปิด 337.37 +6.36 มีมูลค่าซื้อ
> ขาย 1,654.40 ล้านบาท พร้อมสรุปมูลค่าการซื้อขายสิ้นวัน เพิ่มเติมที่[https://t.co/9Ov5KTiFLT](https://t.co/9Ov5KTiFLT)
> [#SET](https://twitter.com/hashtag/SET?src=hash&ref_src=twsrc%5Etfw) [#TFEX](https://twitter.com/hashtag/TFEX?src=hash&ref_src=twsrc%5Etfw)
> [#mai](https://twitter.com/hashtag/mai?src=hash&ref_src=twsrc%5Etfw) [#หุ้น](https://twitter.com/hashtag/%E0%B8%AB%E0%B8%B8%E0%B9%89%E0%B8%99?src=hash&ref_src=twsrc%5Etfw)…
> [pic.twitter.com/z3EFGU6b4w](https://t.co/z3EFGU6b4w)
> — SET Thailand (@SET_Thailand) [September 5, 2024](https://twitter.com/SET_Thailand/status/1831639771900473541?ref_src=twsrc%5Etfw)

Thailand’s SET Index closed at 1,404.28 points, up 2.84% with a trading value of
81.73 billion baht. Analysts attribute the surge to high trading volumes and positive
news about the Vayupak Fund, which is expected to attract significant inflows. Additionally,
global interest in value stocks, particularly in Thailand and Indonesia, contributed
to the rise. Despite a potential minor decline, analysts predict further gains in
subsequent trading sessions.

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## Inflation Trends and Policy Shifts

The new government led by Prime Minister Paetongtarn Shinawatra has helped to reduce
political uncertainty, which has in turn increased investor confidence. The government’s
upcoming 10,000 baht cash handout program for eligible Thais over 16 years old, 
scheduled to begin this month, is viewed positively. The establishment of the government-
backed Vayupak Fund, aimed at investing in local shares and supporting the market,
has further boosted investor sentiment.

Additionally, the anticipation of interest rate cuts by the US Federal Reserve is
also contributing to the positive outlook for Thai assets. Although foreign investors
have been selling Thai shares this month, they are showing renewed interest in Thai
bonds, with $133 million flowing into the market in September, marking the third
consecutive month of net foreign inflows.

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Thailand’s annual headline inflation rate slowed in August due to rising food prices
and falling energy prices, staying below the central bank’s target range. Deputy
Finance Minister Julapun Amornvivat announced strong public support for establishing
a mega entertainment complex with a casino. Internationally, the Council of Europe
will sign the first legally binding AI treaty, and Japan’s BOJ considers adjusting
its monetary easing policies. Meanwhile, growth in the AI semiconductor market is
projected to outpace the overall chip market, driven by increasing demand.