Mr. Narongdet Chandrapaisarn, Director of Securities Analysis at AIRA Securities, stated that the SET Index today is fluctuating within a narrow range, which is better than regional markets that have declined in line with U.S. equities due to concerns over an AI bubble.
The high valuations of AI-related stocks have led to a pullback in the technology sector. However, since there are no tech stocks in the Thai market, it has not responded much to this issue. Meanwhile, U.S. labor market data has been slowing for some time, and there has been restructuring in U.S. businesses to increase the utilization of AI.
Nonetheless, there are no new supporting factors for the market today. Investors are closely monitoring the 3Q25 earnings results of listed companies and making selective trades, causing the SET Index to move sideways without upward or downward momentum.
For the afternoon session, the Thai stock market is expected to move similarly to the morning, with support ranges at 1,305 and 1,300 points and resistance at 1,313 and 1,320 points.
The top five securities by trading value are as follows:
- Bangkok Dusit Medical Services PCL (SET: BDMS): Trading value THB 1.02 billion, closed at THB 18.50 per share, down THB 0.10.
- True Corporation PCL (SET: TRUE): Trading value THB 813.77 million, closed at THB 11.90 per share, up THB 0.10.
- Bangkok Bank PCL (SET: BBL): Trading value THB 772.02 million, closed at THB 155.50 per share, down THB 1.50.
- SCB X PCL (SET: SCB): Trading value THB 696.95 million, closed at THB 130.50 per share, down THB 2.00.
- Airports of Thailand PCL (SET: AOT): Trading value THB 670.59 million, closed at THB 41.00 per share, up THB 0.75.
