With the state-backed ESG fund expected to stimulate the market, one brokerage forecasts the SET Index to rise 5% by the end of the year. (Photo by Takaki Kashiwabara)
FUMITO AKIYAMA, NQN staff writer | Thailand
SINGAPORE — Thailand’s stock market has rallied in recent weeks to bring the benchmark SET Index near its 2024 high, with many pointing to the activity of a government-affiliated fund as a major factor.
The benchmark SET Index rose 2.8% on Thursday, reaching its highest level in roughly five months. On Friday, it rose another 1.7% at one point, reaching a high of 1,429, nearing the year-to-date peak of 1,434 set on Jan. 4.
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