DELTA Moves SET Index Higher as Tech Stocks Rally

Delta Electronics (Thailand) Public Company Limited (SET: DELTA) led the Thai stock market on Wednesday in response to the positive sentiment from Wall Street that made its third winning streak.


The teah-heavy Nasdaq Composite rose 1.7% on Tuesday to three week high at 13,943.76 points. The S&P 500 rose about 1.45%, its best performance since June. Meanwhile, the Dow Industrial Average gained nearly 0.9%.

Last night, the share price of Nvidia rose 4.16% on Tuesday to close at a record high after the company announced a partnership with Google to expand the distribution of its artificial intelligence technology to Google’s users.


Three of the top electronics stocks in the Thai stock market posted moderate gains in the morning session on Wednesday.

As of 11:03 BKK time, DELTA rose THB2.00 or 1.83% to THB111 per share. KCE Electronics Public Company Limited (SET: KCE) gained THB1.50 or 3.02% to THB51.25 per share. Meanwhile, Hana Microelectronics Public Company Limited (SET: HANA) increased THB1.50 or 2.40% to THB64.00 per share.

An increase in DELTA impacted the SET Index by 1.55 points as the Thai bourse rose 8.35 or 0.53% to 1,577.16 points on Wednesday morning. DELTA has the largest market cap in Thailand and is the top mover of the SET Index in today’s session.