On Wednesday, Thailand’s SET Index closed the morning trading session at 1,635.38 points, showing an increase of 9.35 points or 0.58%, with a trading value of THB 49.91 billion.
Krungsri Securities (KSS) noted that the Thai stock market opened this morning with positive momentum from overseas markets, following the release of U.S. inflation data for June, which came in lower than expected.
Although the Federal Reserve continued to express concerns about persistently high inflation, the current decline in U.S. government bond yields and the weakening of the U.S. dollar are providing support for risk assets.
For the afternoon session, Krungsri expects the Thai stock market to continue trending upward if it can surpass the 1,640-point level. The resistance is seen at 1,660 points, with support at 1,620 points.
The five highest trading value stocks were as follows:
- PTT: trading value at THB 4.33 billion, closing at THB 38.50, up THB 0.25 or 0.65%
- GULF: trading value at THB 2.81 billion, closing at THB 64.00, up THB 0.75 or 1.19%
- SCB: trading value at THB 2.54 billion, closing at THB 155.50, down THB 1.50 or 0.96%
- ADVANC: trading value at THB 2.51 billion, closing at THB 378.00, down THB 4.00 or 1.05%
- TOP: trading value at THB 2.34 billion, closing at THB 54.75, up THB 3.50 or 6.83%
