On Tuesday, Thailand’s SET Index closed the morning trading session at 1,596.77 points, showing a decrease of 20.11 points or 1.24%, with a trading value of THB 52.48 billion.
Maybank Securities (Thailand) stated that the Thai stock market experienced a decline in the morning, mirroring downturns in international equity markets. This movement represents a period of consolidation following significant gains in previous sessions. Furthermore, the absence of new supportive factors contributed to the market’s downward momentum, with profit-taking in large-cap stocks serving as a key pressure point.
Simultaneously, negative sentiment stemming from widespread sell-offs in the global technology sector exerted further downward pressure, particularly affecting North Asian equity markets. This was partly attributed to investors reducing risk exposure in anticipation of SK Hynix’s listing on the NASDAQ in the United States, which impacted related stocks. In particular, DELTA saw substantial declines. Meanwhile, selective buying in banking stocks helped provide some support for the SET Index.
Looking ahead to the afternoon session, Maybank expects the Thai stock market to continue trading in negative territory, setting a resistance level at 1,610 points and a support level at 1,590 points.
The five stocks with the highest trading values were as follows:
- PTT: trading value THB 5.64 billion, closing at THB 36.25, down THB 1.00 or 2.68%
- GULF: trading value THB 4.65 billion, closing at THB 62.50, down THB 1.75 or 2.72%
- KTB: trading value THB 4.25 billion, closing at THB 39.00, down THB 0.25 or 0.64%
- KBANK: trading value THB 2.89 billion, closing at THB 230.00, up THB 1.00 or 0.44%
- SCB: trading value THB 2.26 billion, closing at THB 152.00, up THB 0.50 or 0.33%
