Mr. Weerawat Wirojphoka, Senior Director of FSS International Investment Advisory Securities (FSSIA), stated that the Stock Exchange of Thailand (SET) Index closed the morning session higher by 3.36%, or 44.95 points, at 1,398.96 points, in response to the clear election results and the high likelihood of a stable new government. This led to a broad-based rally, especially among stocks expected to benefit from the new government’s policies.
The index has reached 1,400 points and is attempting to break through. However, in the short term, the upside is limited because the market has entered the overbought zone after rising more than 100 points. There may be a short-term pullback alternating with further gains.
Looking ahead, the next factor to watch is the government formation, including which parties will be involved and what policies will be set. Regardless of the outcome, it is not expected to have a significant impact. The support range is assessed at 1,380 points, with resistance at 1,410 points, and the next resistance at 1,420 points.
The top five securities by trading value in the morning session are as follows:
- Airports of Thailand PCL (SET: AOT): Trading value THB 5.83 billion, closed at THB 58.50 per share, up THB 5.50 or 10.38%.
- Gulf Development PCL (SET: GULF): Trading value THB 3.35 billion, closed at THB 53.25 per share, up THB 3.50 or 7.04%
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 3.28 billion, closed at THB 219.00 per share, up THB 12.00 or 5.80%.
- PTT PCL (SET: PTT): Trading value THB 3.06 billion, closed at THB 35.25 per share, unchanged.
- Kasikornbank PCL (SET: KBANK): Trading value THB 3.05 billion, closed at THB 192.50 per share, up THB 4.00 or 2.12%.
