Mr. Sorrabhol Virameteekul, Assistant Managing Director and Head of Investment Strategy Department at Kasikorn Securities, stated that the Stock Exchange of Thailand (SET) Index closed the morning session lower by 0.19%, or 2.60 points, at 1,336.30 points, in line with other stock markets in Asia, which also moved downward.
Part of this was due to the meeting of the U.S. Federal Reserve (Fed) last night, which maintained interest rates and signaled a slowdown in interest rate cuts, putting pressure on today’s market sentiment.
Meanwhile, there was also selling pressure on large-cap stocks, especially the Siam Cement PCL (SET: SCC), which saw a sharp decline, dragging down the index after its performance came out lower than expected. In addition, there are no new factors to support the stock market, causing the index to consolidate today.
The afternoon outlook is expected to remain in negative territory, with resistance at 1,340 points, support at 1,330 points, and the next support at 1,320 points.
The top five securities by trading value in the morning session are as follows:
- True Corporation PCL (SET: TRUE): Trading value THB 3.53 billion, closed at THB 11.70 per share, up THB 0.50 or 4.46%.
- Bangkok Bank PCL (SET: BBL): Trading value THB 2.55 billion, closed at THB 156.00 per share, down THB 2.50 or 1.58%.
- PTT PCL (SET: PTT): Trading value THB 1.63 billion, closed at THB 34.50 per share, down THB 0.25 or 0.72%.
- SCB X PCL (SET: SCB): Trading value THB 1.53 billion, closed at THB 137.00 per share, up THB 0.50 or 0.37%.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 1.15 billion, closed at THB 210.00 per share, up THB 1.00 or 0.48%.
