On Monday at 11:21 AM (Bangkok time), the share price of Bangkok Bank Public Company Limited (SET: BBL) increased by 2.30% or THB 3.00 to THB 133.50, with a trading value of THB 1.62 billion.
Kasikornbank Public Company Limited (SET: KBANK) rose by 2.62% or THB 3.50 to THB 137.00, with a trading value of THB 1.94 billion.
SCB X Public Company Limited (SET: SCB) surged by 1.45% or THB 1.50 to THB 105.00, with a trading value of THB 704.54 million.
TMBThanachart Bank Public Company Limited (SET: TTB) grew by 1.71% or THB 0.03 to THB 1.78, with a trading value of THB 461.48 million.
JMT Network Services Public Company Limited (SET: JMT) soared by 9.70% or THB 1.30 to THB 14.70, with a trading value of THB 377.57 million.
Srisawad Corporation Public Company Limited (SET: SAWAD) jumped by 7.03% or THB 2.25 to THB 34.25, with a trading value of THB 307.70 million.
Muangthai Capital Public Company Limited (SET: MTC) gained 4.71% or THB 2.00 to THB 44.50, with a trading value of THB 239.26 million.
Ngern Tid Lor Public Company Limited (SET: TIDLOR) escalated by 7.25% or THB 1.00 to THB 14.80, with a trading value of THB 279.55 million.
Kasikorn Securities (KS) stated that a rise in the stock prices of commercial banks, financial institutions, and debt management companies could be in response to Thailand’s robust 2Q24 GDP growth, which exceeded expectations, climbing to 2.3% from the previous quarter’s 1.6%.
In addition, the anticipated increase in share prices is further fueled by speculation surrounding the Monetary Policy Committee’s forthcoming meeting on August 21, 2024, with market participants expecting a potentially dovish stance from the committee, leading to signs for interest rate cuts to ease cost of living.