On Monday, Thailand’s SET Index closed the morning session at 1,480.51 points, representing an increase of 24.41 points or 1.68%, with a trading value of THB 27.66 billion.
Bualuang Securities (BLS) stated that the Thai stock market saw gains in the morning, aligning with the upward movement of other Asian markets, such as Japan, South Korea, and Taiwan. Contributing to this performance was the positive sentiment surrounding technology stocks, which benefited domestic electronics equities, led by DELTA.
In addition, there was renewed buying interest in other large-cap stocks, which had experienced selling pressure the previous week due to concerns over the revision of the MSCI Index. Further supporting sentiment was news that Iran was preparing to propose opening the Strait of Hormuz, which served as another positive catalyst for the Thai market.
For the afternoon session, Bualuang anticipates that the Thai bourse will continue to fluctuate in positive territory, projecting a resistance level at 1,490 points and a support level at 1,460 points.
The five securities with the highest trading values were as follows:
- DELTA: trading value of THB 2.67 billion, closed at THB 309.00, up THB 19.00 or 6.55%
- SCB: trading value of THB 1.87 billion, closed at THB 132.00, up THB 2.50 or 1.93%
- PTTEP: trading value of THB 1.32 billion, closed at THB 149.00, down THB 0.50 or 0.33%
- TRUE: trading value of THB 1.30 billion, closed at THB 13.60, up THB 0.10 or 0.74%
- KBANK: trading value of THB 1.14 billion, closed at THB 191.00, up THB 1.00 or 0.53%
