Mr. Natapon Khamthakrue, Assistant Managing Director of Securities Analysis at Yuanta Securities (Thailand), stated that the Stock Exchange of Thailand (SET) Index closed the morning session higher by 1.18%, or 17.46 points, at 1,497.17 points, in response to relaxed U.S. tax measures, after the U.S. Supreme Court issued an order abolishing the reciprocal tariffs of President Donald Trump.
This resulted in significant speculative buying in electronics component and export stocks, led by DELTA, pushing the SET Index up by more than 10 points. The market also benefited from Thailand’s export figures for January, which soared by 24.4%, much higher than market expectations.
However, Mr. Trump announced he would raise import tariffs from all countries worldwide from 10% to 15%, but it is still unknown when this will take effect or whether the 15% rate will apply to all goods or specific items. In the afternoon, the Thai stock market is expected to remain stable after the morning session, with support at 1,490 points and resistance at 1,505 points.
The top five securities by trading value in the morning session are as follows:
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 4.5 billion, closed at THB 251.00 per share, up THB 17.00 or 7.26%.
- PTT PCL (SET: PTT): Trading value THB 3.03 billion, closed at THB 37.00 per share, unchanged.
- True Corporation PCL (SET: TRUE): Trading value THB 2.62 billion, closed at THB 14.00 per share, up THB 0.30 or 2.19%.
- Gulf Development PCL (SET: GULF): Trading value THB 2.2 billion, closed at THB 61.00 per share, up THB 0.75 or 1.24%.
- SCB X PCL (SET: SCB): Trading value THB 1.75 billion, closed at THB 148.00 per share, unchanged.
