Thai stock market closes at 1,464.17, analysts predict support Monday.

The Thai stock market declined again on Friday, closing at 1,464.17 points, a drop of 1.87 points or 0.13 percent. This follows a brief respite from a three-day losing streak where the index fell more than 15 points. Despite the recent downturn, analysts expect the Stock Exchange of Thailand (SET) to find renewed support when trading resumes on Monday.

The current market activity reflects broader trends in the global economy. Asian markets are predicted to rise, buoyed by strong earnings reports and a more favorable outlook regarding interest rates. This optimism is mirrored in the performance of European and U.S. markets, which saw gains on Friday, helping to set a positive tone for Asian bourses.

Sector performance on the SET was mixed, with notable declines in the food, consumer, finance, and technology sectors. Among individual stocks, Advanced Info fell by 1.09 percent, while Thailand Airport rose by 0.82 percent. Other significant movers included Asset World, which increased by 1.08 percent, and PTT Global Chemical, which surged by nearly 2 percent. Overall, 284 stocks declined, while 162 gained, with 208 remaining unchanged, indicating a somewhat cautious sentiment among investors.

Looking ahead, the Thai stock market's future will likely hinge on developments in global markets and local economic indicators. Traders are also keeping an eye on geopolitical tensions, particularly concerning the Middle East, which could impact oil prices and market stability. As the situation evolves, investors will be looking for signs of recovery or further challenges in the weeks to come.