Thailand’s SET Index closed the morning session at 1,443.35 points, up 32.96 points or 2.34%, with a total trading value of approximately THB 37.77 billion. Mr. Natapon Khamthakrue, Assistant Managing Director of Securities Analysis at Yuanta Securities (Thailand), stated that the Thai stock market rose sharply on Wednesday morning, outperforming other markets in the region.
This was due to a short-term easing of tensions in the Middle East, with progress in negotiations after the United States signaled its willingness to discuss an end to the war, with Pakistan acting as a mediator, resulting in declines in crude oil prices and U.S. government bond yields.
Additionally, the Thai stock market received support from the fact that a Thai crude oil tanker belonging to Bangchak Corporation Public Company Limited (SET: BCP) passed safely through the Strait of Hormuz, easing concerns about a crude oil shortage in Thailand.
Notably, the brokerage expects overseas inflows to return; foreign investors bought about THB 5 billion in debt securities this morning, the highest level since the outbreak of the war.
For the afternoon session, the index is expected to continue trading in positive territory. However, the war situation still needs to be closely watched. The support level is set at 1,435–1,440 points, and the resistance at 1,450 points.
The five securities with the highest total trading value are:
- DELTA: Total trading value THB 5.68 billion, closed at THB 281.00, up THB 17.00 or 6.44%
- GULF: Total trading value THB 1.89 billion, closed at THB 56.75, up THB 1.50 or 2.71%
- AOT: Total trading value THB 1.58 billion, closed at THB 51.00, up THB 2.25 or 4.62%
- PTT: Total trading value THB 1.51 billion, closed at THB 34.00, up THB 0.25 or 0.74%
- PTTEP: Total trading value THB 1.44 billion, closed at THB 151.00, down THB 3.50 or 2.27%
