Mr. Weerawat Wirojphoka, Senior Director of FSS International Investment Advisory Securities (FSSIA), stated that the Stock Exchange of Thailand (SET) Index moved sideways this morning and closed lower by 0.18%, or 2.24 points, at 1,275.34 points as it attempted to test the 1,275–1,280 resistance but faced sell-offs.
There were no new international catalysts, with the market still hoping for a U.S. Federal Reserve (Fed) interest rate cut. However, close attention must be paid to the Dot Plot showing rate cut trends for 2026, as the market previously expected two or three cuts. If the actual figure is lower than anticipated, a sell-off could occur.
Domestically, this morning the Ministry of Commerce announced that November inflation exceeded expectations. Combined with government economic stimulus measures, this created a possibility that the Monetary Policy Committee (MPC) may delay cutting the policy rate in this month’s meeting, adopting a wait-and-see approach.
For the afternoon session, the market is expected to remain range-bound. If the key resistance of 1,280 points is breached, the outlook would turn positive. The support level is set at 1,270 points, with resistance at 1,285 points.
The top five securities by trading value in the morning session are as follows:
- Airports of Thailand PCL (SET: AOT): Trading value THB 2.14 billion, closed at THB 46.75 per share, up THB 1.50 or 3.31%.
- Bangkok Bank PCL (SET: BBL): Trading value THB 1.63 billion, closed at THB 164.50 per share, up THB 2.50 or 1.54%.
- SCB X PCL (SET: SCB): Trading value THB 1.52 billion, closed at THB 133.00 per share, up THB 1.50 or 1.14%.
- Gulf Development PCL (SET: GULF): Trading value THB 1.26 billion, closed at THB 40.00 per share, down THB 0.75 or 1.84%
- Kasikornbank PCL (SET: KBANK): Trading value THB 1.14 billion, closed at THB 190.50 per share, up THB 0.50 or 0.26%.
