On Monday, Thailand’s SET Index closed the morning trading session at 1,567.45 points, showing an increase of 25.11 points or 1.63%, with a trading value of THB 39.25 billion.
Bualuang Securities (BLS) wrote that the Thai stock market surged in the morning session, primarily supported by strong gains in DELTA. The brokerage also noted a continued inflow of funds into defensive stocks, with the hospital sector, particularly BDMS, leading the rally. Other large-cap stocks also attracted significant buying interest, including AOT, KTB, and SCB.
The tensions in the Middle East have eased considerably, and global oil prices have also retreated, reducing concerns over the geopolitical situation. However, investors are recommended to keep an eye on developments regarding the ongoing negotiations between the United States and Iran.
Looking ahead to the afternoon session, the market is expected to maintain its positive momentum, but volatility may increase towards the close, especially as the SET50 futures rollover approaches.
Bualuang sets the resistance level at 1,570 points and the support level at 1,550 points.
The top five stocks by trading value were as follows:
- DELTA: trading value THB 3.88 billion, closing at THB 320.00, up THB 16.00 or 5.26%
- KTB: trading value THB 2.21 billion, closing at THB 36.75, up THB 0.25 or 0.68%
- BDMS: trading value THB 2.06 billion, closing at THB 19.20, up THB 0.30 or 1.59%
- AOT: trading value THB 2.01 billion, closing at THB 63.00, up THB 0.75 or 1.20%
- SCB: trading value THB 1.63 billion, closing at THB 146.00, up THB 1.00 or 0.69%
