The Thai stock market experienced a decline on Thursday, as reflected by the all-company Thailand SET Index SET, which dropped 0.7% to 1,380.29.

Declining Stocks

Several companies faced significant drops in their stock prices. SCG Ceramics COTTO, a firm, saw the largest decline, with its shares plunging 16.7%. Basic materials/resources company Banpu BANPU also experienced a drop of 5.4%. Additionally, shares of transportation/logistics company Precious Shipping PSL dropped 5.0%.

Leaders in the Market

On the other hand, Exotic Food XO, a company, emerged as the biggest leader during the session, with its shares adding 3.7%. Basic materials/resources firm Birla Carbon (Thailand) BCT also performed well, adding 3.6%. Grand Canal Land GLAND, which operates in the real estate/construction space, rounded out the top three leaders on Thursday, with shares gaining 3.2%.

Southeast Asian Markets

The stock markets in other parts of Southeast Asia experienced mixed results. Singapore's FTSE Straits Times Index STI fell 0.4%, while Malaysia's FTSE Bursa Malaysia KLCI FBMKLCI declined 0.2%. The Philippines' PSEi Index fell 1.1%, while Indonesia's JSX Composite Index added 0.7%.

Asia-Pacific Market Overview

Across the Asia-Pacific region, there were declines in various stock indices. The Hang Seng Index of Hong Kong companies declined 0.7%, Japan's NIKKEI 225 Index fell 1.8%, and the Shanghai Composite Index of Chinese companies fell 0.1%.

Other markets experienced minor declines as well. South Korea's KOSPI Composite Index declined 0.1%, while Australia's S&P/ASX 200 Benchmark Index dropped 0.1%.

Currency Front

In terms of currency exchange rates, the U.S. dollar climbed 0.1% to 35.22 Thai baht, while the euro climbed 0.2% to 37.96 baht.

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