The Covid-19 outbreak and the political situation are expected to influence the Stock Exchange of Thailand (SET) Index next week, Kasikorn Securities said.

The Transport Ministry has agreed to consider funding the construction of airports in the Northeast and South to support domestic tourism, the Department of Airports (DOA) said.

The Stock Exchange of Thailand (SET) Index closed at 1,534.11 on Thursday, down 9.29 points or 0.60 per cent. Total transactions amounted to Bt108.85 billion with an index high of 1,540.66 and a low of 1,527.88. However, despite losing ground, the SET was the standout performer on a bad day for Asian indices. 

The Thai stock market is still attractive to investors even though its price-to-earnings (P/E) ratio hit a new high at 40.33 times on Wednesday, the Federation of Thai Capital Market Organisations (Fetco) said on Thursday.

The Stock Exchange of Thailand (SET) Index dropped by 7.02 points, or 0.45 per cent, to 1,536.38 in the morning session on Thursday.