Mr. Phoowadol Phoosodngern, Investment Strategy Manager of the Research Department from Bualuang Securities, stated that the Stock Exchange of Thailand (SET) Index this morning moved sideways in line with global markets, increasing by 0.17%, or 2.08 points, to 1,254.79 points.
The session lacked new drivers as the U.S. stock market closed, resulting in light trading volume. Additionally, the flood situation in the southern region led to temporary closures of securities firms with branches in those areas.
However, this morning saw buying return in the finance, tourism, and retail sectors after previous declines, driven by expectations of receiving approximately THB 30 billion in government compensation for the flood situation. Moreover, the impact from the floods is now seen as less severe than previously feared.
For the afternoon session, the market is expected to continue moving sideways, with investors rotating among individual stocks. Going forward, it is recommended to closely monitor the political situation, which is set to become increasingly significant.
Externally, attention should be paid to the direction of interest rates by the U.S. Federal Reserve (Fed). Support and resistance levels are set at 1,240 points and 1,260 points, respectively.
The top five securities by trading value are as follows:
- True Corporation PCL (SET: TRUE): Trading value THB 1.43 billion, closed at THB 10.70 per share, down THB 0.10.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 874.61 million, closed at THB 200.00 per share, up THB 1.00.
- SCB X PCL (SET: SCB): Trading value THB 834.44 million, closed at THB 130.50 per share, unchanged.
- Krungthai Bank PCL (SET: KTB): Trading value THB 752.91 million, closed at THB 27.50 per share, down THB 0.50.
- Kasikornbank PCL (SET: KBANK): Trading value THB 664.06 million, closed at THB 187.00 per share, unchanged.
