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 0.57%, or 7.63 points, at 1,338.91 points, in line with other Asian stock markets.
The decline was pressured by sell-offs in DELTA, following the negative sentiment in global technology stocks, as well as profit-taking in ADVANC after a significant increase yesterday.
However, there was a rebound in THAI and buying interest in the energy sector, driven by rising oil prices. Overall, investors may still be waiting for the results of Sunday’s election, causing the index to remain flat.
The afternoon outlook is expected to see the market move within a range, with a resistance level at 1,350 points and a support level at 1,330 points.
The top five securities by trading value in the morning session are as follows:
- PTT PCL (SET: PTT): Trading value THB 4.92 billion, closed at THB 35.00 per share, up THB 0.25 or 0.72%.
- Advanced Info Service PCL (SET: ADVANC): Trading value THB 3.34 billion, closed at THB 368.00 per share, down THB 6.00 or 1.60%.
- True Corporation PCL (SET: TRUE): Trading value THB 2.54 billion, closed at THB 12.20 per share, up THB 0.10 or 0.83%
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 1.6 billion, closed at THB 200.00 per share, down THB 9.00 or 4.31%.
- Thai Airways International PCL (SET: THAI): Trading value THB 1.47 billion, closed at THB 6.40 per share, up THB 0.40 or 6.67%.
