# Market Roundup 17 September 2024

- Link: https://www.thailand-business-news.com/markets/163131-market-roundup-17-september-2024
- Published: 2024-09-18T15:09:42+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index closed at 1,436.60, up 0.07%. The Thai cabinet approved a
THB 10,000 handout program for 14.5 million citizens. Kittiratt Na-Ranong is endorsed
as the new BOT chairman.**

## Thailand’s Stock Market Update

Thailand’s SET Index closed at 1,436.60 points, a slight increase of 1.07 points
or 0.07%, with a trading value of 54.39 billion baht. Analysts noted narrow trading
in line with other Asian markets as investors remained cautious ahead of the US 
Federal Reserve’s meeting. The market also lacked significant domestic catalysts
during this period. It is expected that the market will continue to trade sideways
tomorrow.

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## Government Initiatives and Appointments

The Thai cabinet approved a THB 10,000 ‘Handout’ program for 14.5 million vulnerable
citizens, with a budget of THB 145.55 billion, starting on September 25, 2024. The
subsidy will be managed by the Comptroller General’s Department. Additionally, the
government is endorsing Kittiratt Na-Ranong as the new chairman of the Bank of Thailand,
succeeding Porametee Vimolsiri. The Ministry of Finance has recommended Kittiratt
to a selection panel for the position.