The Thai stock market rallied more than 30 points during the intra-session this morning, buoyed by a strong rebound in major shares. The main bourse settled the morning session with a 23.54 points gain or +2.21% at 1,086.32 points.
Electronics parts maker Delta Electronics (Thailand) Public Company Limited (SET: DELTA) led the advance, jumping 7.53% and logging the highest trading volume, reaffirming its position as Thailand’s largest stock by market capitalization.
The rally was underpinned by upbeat export data from South Korea, which reported a robust 8.3% year-on-year rise—positive news for electronics-related stocks. The bounce is also attributable to a technical rebound from five-year low yesterday.
Investor sentiment was further lifted on expectations that the Stock Exchange of Thailand could lift its temporary ceiling-floor trading curbs ahead of schedule, according to market sources.
UOB Kay Hian Securities (Thailand) noted that the local market received an additional boost from easing geopolitical risks after U.S. President Donald Trump announced an Israel-Iran ceasefire negotiation. However, the brokerage cautioned that this is likely a short-lived driver, given that only U.S. officials have made public statements while neither Israel nor Iran has confirmed the development.
Looking ahead, analysts expect the SET Index to remain in positive territory throughout the day, though profit-taking could cap gains in afternoon trading. Key technical levels to watch include support at 1,060 points and resistance at 1,085 points.
