On Thursday, Thailand’s SET Index closed the morning trading session at 1,524.31 points, showing an increase of 7.05 points or 0.46%, with a trading value of THB 38.80 billion.
UOBKayHian Securities (Thailand) (UOBKH) wrote that the Thai stock market rose this morning in line with regional markets. In the short term, the market was supported by stronger-than-expected earnings reports from numerous listed companies, particularly among large-cap stocks with solid fundamentals, such as those in the retail sector, which continued to show robust growth. This led to a positive view among traders that the domestic economy still demonstrates growth potential.
Meanwhile, shares in the banking sector also advanced, as market sentiment improved regarding the government’s economic policies, which are expected to support GDP growth. Previously, bank stocks had declined due to concerns over sluggish GDP expansion. However, the THB 400.00 billion loan decree is anticipated to help boost economic growth to the range of 1.80-1.90%, comparable to levels before the outbreak of conflict in the Middle East.
On the international front, stock markets drew support from the technology investment theme, following strong earnings results from U.S. technology companies. This development has bolstered expectations for a continued positive outlook for the regional tech sector.
Furthermore, markets are optimistic about negotiations between U.S. President Donald Trump and Chinese President Xi Jinping, which also include top executives from major U.S. technology firms. These talks are expected to result in potential trade relaxations, providing an additional positive catalyst for technology shares.
For the afternoon trading session, the index is expected to remain in positive territory, with a support level anticipated at 1,520 points and resistance at 1,530 points.
The five most actively traded securities by trading value today were:
- CPALL: trading value of THB 4.05 billion, closing at THB 46.50, up THB 2.75 or 6.29%
- DELTA: trading value of THB 2.69 billion, closing at THB 328.00, down THB 3.00 or 0.91%
- KBANK: trading value of THB 2.31 billion, closing at THB 197.50, up THB 2.50 or 1.28%
- KTB: trading value of THB 1.96 billion, closing at THB 33.50, up THB 0.75 or 2.29%
- SCB: trading value of THB 1.84 billion, closing at THB 132.00, up THB 0.50 or 0.38%
