On Thursday, Thailand’s SET Index closed the morning trading session at 1,559.38 points, showing a decrease of 11.57 points or 0.74%, with a trading value of THB 37.95 billion.
Maybank Securities (Thailand) noted that the Thai stock market trended downward this morning, moving in line with most other Asian markets following a significant rally in preceding sessions and leading to a consolidation phase.
In addition, the ongoing tensions in the Middle East and the lack of clarity regarding peace negotiations between the United States and Iran continued to cast a shadow of concern over the market.
The Thai bourse faced major downward pressure from heavy selling in DELTA, which dragged the index down by approximately 10 points. Stocks in the power generation sector, which had previously experienced gains, also faced profit-taking activity. With few new catalysts in sight and the SET Index having risen considerably already, upside potential appears increasingly limited.
For the afternoon trading session, the Thai stock market is expected to remain in negative territory. Resistance is projected at 1,570 points, while support is seen at 1,550 points.
For the stocks with the highest trading value today:
- DELTA: trading value of THB 4.00 billion, closing at THB 344.00, down THB 10.00 or 2.82%
- KBANK: trading value of THB 2.45 billion, closing at THB 199.00, up THB 0.50 or 0.25%
- AOT: trading value of THB 1.78 billion, closing at THB 55.25, up THB 0.75 or 1.38%
- PTT: trading value of THB 1.67 billion, closing at THB 36.50, unchanged
- KCE: trading value of THB 1.50 billion, closing at THB 36.75, up THB 0.25 or 0.68%
