Mr. Therdsak Thaveeteeratham, Managing Director of Asia Plus Securities, stated that the Stock Exchange of Thailand (SET) Index closed the morning session significantly higher by 1.83%, or 23.06 points, to 1,282.73 points, supported by strong buying of large-cap stocks, particularly DELTA, the telecommunications group, and the banking group.
These factors were the main drivers of the morning’s index performance. Additionally, a positive sentiment was observed ahead of the upcoming general election in early February.
The issue of the U.S. arresting the Venezuelan leader and preparing to take control of Venezuela’s energy sector led the market to expect an increase in oil supply.
This, in turn, is seen as a factor that will keep U.S. inflation from rising, which is positive for the stock market based on anticipation that the Federal Reserve (Fed) may cut interest rates more than once this year.
The outlook for the Thai stock market in the afternoon is expected to remain in positive territory, with resistance at 1,290 points and support at 1,270 points.
The top five securities by trading value in the morning session are as follows:
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 4.12 billion, closed at THB 186.50 per share, up THB 13.50 or 7.80%.
- Advanced Info Service PCL (SET: ADVANC): Trading value THB 1.71 billion, closed at THB 321.00 per share, up THB 8.00 or 2.56%.
- True Corporation PCL (SET: TRUE): Trading value THB 1.65 billion, closed at THB 11.30 per share, up THB 0.40 or 3.67%
- SCB X PCL (SET: SCB): Trading value THB 1.59 billion, closed at THB 142.50 per share, up THB 3.50 or 2.52%.
- Krungthai Bank PCL (SET: KTB): Trading value THB 1.14 billion, closed at THB 28.75 per share, up THB 0.50 or 1.77%.
