On Friday, Thailand’s SET Index closed the morning trading session at 1,541.76 points, showing a decrease of 16.79 points or 1.08%, with a trading value of THB 37.31 billion.
Bualuang Securities (BLS) wrote that the Thai stock market declined in the morning session, primarily pressured by a steep drop in DELTA, which served as a significant drag. This movement mirrored the broader sentiment across Asian equities, where technology stocks faced heavy selling.
Meanwhile, there was a noticeable rotation of funds into defensive stocks, particularly in the banking and hospital sectors, which provided some support and prevented the index from a sharper decline.
Moreover, rising oil prices led to renewed buying interest in oil-related stocks, especially PTT, PTTEP, and the refinery sector. This shift was attributed to heightened risks surrounding the ongoing and uncertain negotiations between the United States and Iran, following reports of an attack on a cargo ship in the Strait of Hormuz.
For the afternoon session, Bualuang expects the market to continue trading in negative territory, mainly due to ongoing pressure on DELTA. Key resistance is projected at 1,555 points, with support seen at 1,535 points.
The five securities with the highest trading value were as follows:
- DELTA: trading value THB 3.89 billion, closing at THB 307.00, down THB 19.00 or 5.83%
- BDMS: trading value THB 2.37 billion, closing at THB 18.80, up THB 0.40 or 2.17%
- TRUE: trading value THB 2.26 billion, closing at THB 12.80, up THB 0.30 or 2.40%
- GULF: trading value THB 2.03 billion, closing at THB 59.75, down THB 0.75 or 1.24%
- PTT: trading value THB 2.03 billion, closing at THB 34.75, up THB 0.25 or 0.72%
