Thailand’s SET Index closed the morning session at 1,409.39 points, up by 12.05 points or 0.86%, with a trading value of approximately THB 32.26 billion. FSS International Investment Advisory Securities (FSSIA) stated that the Thai stock market rebounded this morning after the index saw a sharp decline on Monday.
The recovery aligns with recent developments in the Middle East, as U.S. President Donald Trump postponed an attack on an Iranian power plant by five days and is reportedly in negotiations with Iran. Although Tehran later denied any negotiations were taking place, the development helped ease market concerns in the short term, prompting a pullback in crude oil prices.
Meanwhile, Thailand’s export data released this morning came in below expectations. The analyst noted that the export sector is anticipated to slow down due to a high base last year, cautioning further monitoring of the figures in the coming months.
Looking to the afternoon session, the SET Index is expected to remain in positive territory. The market opened with stronger gains than its Asian peers this morning before moderating, in line with movements across regional markets. Investors are recommended to be attentive to developments in the Middle East.
The support level for the index is seen at 1,400-1,395 points, with resistance at 1,415-1,420 points.
The five securities with the highest trading value were:
- SCB: trading value of THB 3.24 billion, closing at THB 146.00, up THB 2.50 or 1.74%
- PTTEP: trading value of THB 2.50 billion, closing at THB 155.00, unchanged
- TRUE: trading value of THB 2.37 billion, closing at THB 13.70, up THB 0.10 or 0.74%
- DELTA: trading value of THB 2.27 billion, closing at THB 264.00, up THB 4.00 or 1.54%
- KBANK: trading value of THB 1.19 billion, closing at THB 189.50, up THB 3.00 or 1.61%
