On Wednesday, Thailand’s SET Index closed the morning trading session at 1,514.35 points, representing an increase of 30.79 points or 2.08%, with a trading value of THB 42.68 billion.
Asia Plus Securities noted that the Thai stock market saw a strong rally in the morning session, primarily supported by gains in shares of DELTA following the easing of concerns regarding the latest revision of the MSCI Index.
Contrary to previous expectations, there was no adjustment in the weightings of large-cap stocks, which was a major factor driving renewed buying interest in the electronics giant. This positive sentiment helped push the SET Index back above the 1,500-point mark.
Meanwhile, the ICT sector also provided further momentum to the market, with both TRUE and ADVANC posting upward movements. This occurred even as external risks remained, including persistent tensions in the Middle East and the resurgence of high inflation, which could make it more difficult for interest rates to be lowered in the near term.
For the afternoon session, Asia Plus anticipates that the market will likely remain in positive territory, with a resistance level seen at 1,520 points and support at 1,495 points.
The following are the top five securities by trading value in today’s session:
- DELTA: Trading value THB 8.69 billion, closing at THB 327.00, up THB 27.00 or 9.00%
- TRUE: Trading value THB 5.08 billion, closing at THB 14.50, up THB 0.40 or 2.84%
- ADVANC: Trading value THB 2.91 billion, closing at THB 358.00, up THB 6.00 or 1.70%
- KTB: Trading value THB 1.64 billion, closing at THB 33.00, up THB 0.25 or 0.76%
- GULF: Trading value THB 1.43 billion, closing at THB 59.25, up THB 0.25 or 0.42%
