Mr. Weerawat Wirojphoka, Senior Director of FSS International Investment Advisory Securities (FSSIA), stated that the Stock Exchange of Thailand (SET) Index declined in the morning session by 10.14 points or 0.79% to 1,269.93 points, following regional markets after U.S. stocks saw a significant drop over the night.
However, the Thai market has not fallen as much as others; if DELTA is excluded, the Thai market dropped only slightly. Elsewhere, other markets experienced profit-taking after strong rallies, whereas Thai stocks are still underperforming, resulting in only mild selling pressure.
Additionally, domestic economic stimulus measures are in place, and this afternoon attention will turn to whether the Cabinet meeting will announce further stimulus measures. There is a possibility of a “Half-Half Plus” scheme for merchants, which, if announced, would be a supportive factor for the market. Furthermore, the SET Index yesterday did not breach the key support level at 1,260–1,265 points, maintaining the potential for a rebound in the Thai market.
For the afternoon outlook, the stock market is expected to continue moving sideways with a slight toward negative territory, in the range of 1,265 support and 1,280 resistance.
The top five securities by trading value are as follows:
- Kasikornbank PCL (SET: KBANK): Trading value of THB 1.008 billion, closing at THB 185.50 per share, unchanged.
- Krungthai Bank PCL (SET: KTB): Trading value of THB 1.004 billion, closing at THB 27.75 per share, up THB 0.50.
- Advanced Info Service PCL (SET: ADVANC): Trading value of THB 936.52 million, closing at THB 317.00 per share, up THB 3.00.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value of THB 830.57 million, closing at THB 205.00 per share, down THB 8.00.
- Bangkok Dusit Medical Services PCL (SET: BDMS): Trading value THB 741.72 million, closed at THB 19.10 per share, down THB 0.20.
