On Thursday, Thailand’s SET Index closed the morning trading session at 1,493.86 points, showing a decrease of 8.23 points or 0.55%, with a trading value of THB 49.91 billion.
Yuanta Securities (Thailand) stated that the Thai stock market trended lower this morning due to selling pressure in the energy sector following a continued decline in oil prices. The electronics component sector also contracted in line with memory chip stocks in foreign markets.
However, fund flows into value play sectors such as power plants, retail, and finance helped limit the index’s downside.
For the afternoon session, the market is expected to remain range-bound and continue to be pressured in the short term by the energy group. The support level is seen at 1,488 points, while the resistance level is set at 1,500 points.
The top five stocks by trading value were as follows:
- CPALL: trading value THB 3.70 billion, closing at THB 46.00, up THB 2.00 or 4.55%
- GULF: trading value THB 2.52 billion, closing at THB 61.25, up THB 0.25 or 0.41%
- PTT: trading value THB 2.48 billion, closing at THB 38.75, down THB 1.25 or 3.13%
- PTTEP: trading value THB 2.46 billion, closing at THB 143.50, down THB 6.50 or 4.33%
- DELTA: trading value THB 2.26 billion, closing at THB 187.00, down THB 8.00 or 4.10%
