SET Index Climbs on Tech Surge, Fueled by DELTA and US Rally

Mr. Therdsak Thaveeteeratham, Managing Director of Asia Plus Securities, stated that the Stock Exchange of Thailand (SET) Index moved upward by 1.51%, or 19.25 points, to 1,291.42 points this morning in line with other Asian markets, supported by positive sentiment after NVIDIA reported earnings better-than-expected. This had a favorable impact on technology-related stocks, particularly in Thailand, where a significant boost came from DELTA.

Additionally, there was buying pressure in large-cap stocks, especially in the tourism sector, amid expectations for an increase in Chinese tourists to Thailand after many Chinese tour groups cancelled their travel plans to Japan.

Looking ahead, the Thai stock market is expected to remain positive in the afternoon session, with resistance at 1,295 points and support at 1,280 points.

The top five most actively traded securities by value in the morning session were:

  • Airports of Thailand PCL (SET: AOT): Trading value of THB 1.33 billion, closed at THB 42.25 per share, up THB 2.25.
  • Delta Electronics (Thailand) PCL (SET: DELTA): Trading value of THB 1.15 billion, closed at THB 221.00 per share, up THB 7.00.
  • Kasikornbank PCL (SET: KBANK): Trading value of THB 975.13 million, closed at THB 186.50 per share, up THB 1.50.
  • True Corporation PCL (SET: TRUE): Trading value of THB 798.63 million, closed at THB 11.70 per share, up THB 0.20.
  • TMBThanachart Bank PCL (SET: TTB): Trading value of THB 786.25 million, closed at THB 1.90 per share, up THB 0.01.