Market Roundup 29 September 2023

Thailand’s SET Index closed at 1,471.43 points, decreased 10.71 points or 0.72% with a trading value of 73 billion baht. The analyst stated that the plummet was mainly due to the selloff in Delta Electronics (Thailand) Pcl despite a positive trend in the banking and tourism stocks.The increase today was expected to be a window dressing to on the last trading day of the third quarter.

The analyst expected the SET Index next week to move in both territories, giving a support level at 1,461 points and a resistance level at 1,485 and 1,492 points.


The share price of DELTA fell 20% to close at THB82.75 per share. Due to a sharp decline in DELTA, which is Thailand’s largest stock in terms of capitalization, it dragged the main index down by 12.70 points.


Tokyo’s core inflation in September slowed down for the third month in a row due to a decline in fuel costs.

Core consumer price index for the capital of Japan, which excludes volatile fresh food but not fuel costs, rose 2.5% in September from the same period of last year. However, separate data showed that factory output was flat in August as soft global demand continued to pressure production orders in the world’s third largest economy, especially a slowdown from China’s economic recovery.

Core inflation slowed from a 2.8% increase in August, but was still higher than the target of 2% set by the Bank of Japan.


Meanwhile, Thailand’s Bank of Thailand Governor Sethaput Suthiwartnarueput said that the central bank should now pause the interest rate, noting that the recovery in the kingdom is intact and the currency rate is appropriate.

The statement came after the Monetary Policy Committee (MPC) voted unanimously on Wednesday to raise the policy rate by 0.25 percentage point from 2.25 to 2.50 percent.


In addition, a flash annual inflation data for the Eurozone showed that prices cooled down quite significantly in September, dropping to 4.3% to the lowest level since October 2021. This was a decrease from 5.2% in August, while dipping from 0.5% to 0.3% on a monthly basis.

Core inflation, which excludes energy, food, alcohol and tobacco, also dropped to 4.5% YoY from 5.3% in August.