# Market Roundup 22 November 2024

- Link: https://www.thailand-business-news.com/markets/177062-market-roundup-22-november-2024
- Published: 2024-11-23T23:56:42+07:00
- Author: Abhishek Prakash

**Thailand’s SET Index climbed 0.41%, driven by easing political tensions and a 
surge in energy stock purchases. Meanwhile, Japan’s inflation trends and Canadian
Prime Minister Trudeau’s relief package are poised to influence their respective
economies.**

## Thai Stock Market Surges Despite Political Tensions

Thailand’s SET Index closed at 1,446.30, rising by 5.84 points or 0.41%, with a 
trading value of 45.65 billion baht. Initially trading sideways, the market saw 
a surge due to reduced political tensions after the Constitutional Court dismissed
a petition against former Prime Minister Thaksin Shinawatra and the Pheu Thai Party.

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Investments shifted from DELTA to other stocks, including NewCo. Rising oil prices
boosted energy stocks. Analysts anticipate market recovery in the coming week, citing
resilience above the 1,444-point threshold.

## Global Economic Highlights and Political Developments

Japan’s headline inflation fell to a 10-month low of 2.3% in October, slightly above
economists’ forecast of 2.2%, suggesting continued lenient monetary policy from 
its central bank. Canadian Prime Minister Justin Trudeau announced a C$6.3 billion
affordability package, including temporary federal sales tax relief and a C$250 
rebate for 18 million Canadians, with support from the opposition party NDP, reducing
the risk of early elections.

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