The Stock Exchange of Thailand snapped a five-day losing streak on Thursday, gaining more than 18 points to close just below the 1,315-point level.
The SET index jumped 18.02 points, or 1.39 percent, to finish Thursday’s session at 1,313.31 after trading between 1,298.64 and 1,316.59.
Volume was robust, with 6.861 billion shares changing hands worth a combined 38.139 billion baht across the exchange.
Market breadth was broadly positive, with 295 gainers outpacing 169 decliners, while 191 stocks finished the session unchanged.
Gains were broad-based, with the food, consumer, finance, industrial, property, resource, service and technology sectors all contributing to Thursday’s advance.
Among notable movers, True Corporation soared 3.51 percent, while Krung Thai Card spiked 2.70 percent and Bangkok Expressway rallied 2.78 percent.
Krung Thai Bank jumped 1.83 percent and Siam Commercial Bank strengthened 1.53 percent, while BTS Group dropped 1.42 percent and Bangkok Dusit Medical slumped 1.06 percent.
Despite Thursday’s rebound, the outlook for Friday is negative, with technology and oil shares expected to lead Asian markets lower following weakness in European and U.S. trading.
Wall Street delivered a discouraging lead, with the Dow stumbling 398.70 points or 0.84 percent to finish at 46,912.30 on Thursday.
The NASDAQ plunged 445.80 points or 1.90 percent to close at 23,053.99, while the S&P 500 sank 75.97 points or 1.12 percent to end at 6,720.32.
The sharp pullback on Wall Street came on renewed weakness among artificial intelligence-related stocks, which led the sell-off on Tuesday as concerns about an AI bubble mounted.
Negative sentiment may also have been generated in reaction to a report from global outplacement firm Challenger, Gray & Christmas showing a sharp increase in layoff announcements in October.
Crude oil prices added further pressure to markets, falling on oversupply concerns after the American Petroleum Institute revealed that U.S. crude oil inventories increased much more than expected last week.
West Texas Intermediate crude for December delivery was down $0.21 or 0.35 percent at $59.39 per barrel, reflecting ongoing worry about a global supply glut weighing on energy markets.
