SET Index Moves Sideways amid Sparse Trading, US Holiday Closure

Mr. Natapon Khamthakrue, Assistant Managing Director of Securities Analysis at Yuanta Securities (Thailand), stated that the Stock Exchange of Thailand (SET) Index this morning moved relatively flat, rising slightly by 0.05 points to 1,261.23 points, in line with regional markets, as overall investment sentiment was subdued due to the closure of the U.S. stock market tonight (November 27) for Thanksgiving. Meanwhile, Asian technology stocks continued to recover, following gains in the U.S. market.

The absence of technology stocks in the Thai market resulted in the index drifting sideways. This morning, the energy sector led the market, supported by rising oil prices, while the hospital sector also rebounded.

Additionally, the domestic play group, such as finance stocks, saw buying interest return as flood levels in Hat Yai receded. Nevertheless, trading volume remains thin. For the afternoon, the market is expected to continue moving sideways, with a support level at 1,255 points and resistance at 1,265 points.

The top five securities by trading value are as follows:

  • Bangkok Dusit Medical Services PCL (SET: BDMS): Trading value THB 1.43 billion, closed at THB 19.00 per share, up THB 0.60.
  • Advanced Info Service PCL (SET: ADVANC): Trading value THB 1.28 billion, closed at THB 306.00 per share, down THB 3.00.
  • True Corporation PCL (SET: TRUE): Trading value THB 1.27 billion, closed at THB 11.00 per share, down THB 0.20.
  • TMBThanachart Bank PCL (SET: TTB): Trading value THB 510.84 million, closed at THB 1.95 per share, down THB 0.03.
  • SCB X PCL (SET: SCB): Trading value THB 506.70 million, closed at THB 131.00 per share, down THB 0.50.