On Friday, Thailand’s SET Index closed the morning trading session at 1,577.42 points, showing an increase of 8.45 points or 0.54%, with a trading value of THB 35.17 billion.
UOBKayHian Securities (Thailand) wrote that the Thai stock market showed a notable uptrend in the morning, in line with most regional markets, driven by positive expectations surrounding negotiations between the United States and Iran.
Profit-taking was observed in sectors that had previously benefited from the conflict, such as the energy and petrochemical groups, as well as other stocks that had seen speculative buying in the previous sessions. There was also mild selling pressure in the electronics components sector following the Stock Exchange of Thailand’s warning to investors on Thursday to carefully consider fundamentals before trading in this hotly-priced sector.
Despite some volatility, DELTA continued to move higher, supported by the MSCI Index revision, which will use today’s closing price to increase the stock weighting in the index.
Additionally, stocks that had been significantly impacted by the Middle East conflict rebounded this morning. There was also selective buying in defensive sectors, including banking, retail, healthcare, and power generation, reflecting a cautiously optimistic market sentiment, as there remains a risk of downward earnings revisions for listed companies in 2Q26 due to cost pressures arising from the conflict.
Looking ahead to the afternoon session, the market is expected to remain in positive territory. However, investors are recommended to be mindful of potential end-of-day volatility due to portfolio adjustments resulting from the MSCI Rebalance. Furthermore, with the Thai market set to close next Monday, some investors may reduce their stock holdings toward the end of today’s session.
The support range is identified at 1,570 points, with resistance seen at 1,583–1,590 points.
The five most actively traded securities by value were as follows:
- DELTA: trading value at THB 3.09 billion, closed at THB 359.00, up THB 6.00 or 1.70%
- KBANK: trading value at THB 1.96 billion, closed at THB 200.00, up THB 1.00 or 0.50%
- PTTEP: trading value at THB 1.56 billion, closed at THB 141.00, down THB 3.00 or 2.08%
- CPALL: trading value at THB 1.31 billion, closed at THB 46.75, up THB 0.25 or 0.54%
- TRUE: trading value at THB 1.14 billion, closed at THB 13.90, up THB 0.20 or 1.46%
