Mr. Phoowadol Phoosodngern, Investment Strategy Manager of the Research Department from Bualuang Securities, stated that the Stock Exchange of Thailand (SET) Index moved sideways with light trading volume this morning due to the fact that listed companies are gradually announcing their earnings. This has prompted investors to delay investment decisions while monitoring results and evaluating information from analyst meetings.
Meanwhile, stocks rotation was seen, particularly in those that had declined significantly and began to see buying pressure return, such as PTT and the agriculture sector, after their financial results were not as negative as expected. On the other hand, defensive stocks such as telecommunications and AOT remained resilient due to their own positive factors.
As for external factors, even though the U.S. government shutdown situation has reached a conclusion and overseas markets have rebounded, it has not affected the Thai stock market significantly.
In the afternoon session, the market is expected to continue moving sideways. Looking ahead, the retail sector has a recovery potential as it is currently at a low base. The sector will also benefit from the leftover and new phases of the Khon La Khrueng Plus government stimulus measure. The support level is set at 1,300 points and resistance at 1,310 points.
The top five securities by trading value are as follows:
- Advanced Info Service PCL (SET: ADVANC): Trading value THB 849.52 million, closed at THB 317.00 per share, up THB 0.10.
- Airports of Thailand PCL (SET: AOT): Trading value THB 845.82 million, closed at THB 42.75 per share, up THB 1.00.
- PTT PCL (SET: PTT): Trading value THB 790.00 million, closed at THB 30.75 per share, up THB 0.25.
- CP All PCL (SET: CPALL): Trading value THB 734.67 million, closed at THB 45.75 per share, up THB 0.25.
- True Corporation PCL (SET: TRUE): Trading value THB 728.02 million, closed at THB 11.90 per share, up THB 0.10.
