Mr. Vathan Jitsomnuk, Director of Strategy Analysis at Pi Securities, stated that the Stock Exchange of Thailand (SET) Index closed slightly lower by 0.13%, or 1.62 points, to 1,273.20 points due to the lack of new driving factors.
Meanwhile, the market has largely priced in expectations for the US Federal Reserve (Fed) and Monetary Policy Committee (MPC) meetings this December.
Today, the market’s focus is mainly on AOT, which saw heavy buying volume exceeding THB 4 billion, impacting the index by about five points. Without AOT’s support, the SET Index would likely drop by around six to seven points.
The positive sentiment toward AOT stems from a higher-than-expected PSC increase to THB 390, ahead of the market’s expectation of THB 300, and successful renegotiations with King Power, enabling ongoing partnership in duty-free business at five airports.
The market is anticipated to remain sluggish and range-bound in the afternoon session, just like in the morning, before the long holiday period (December 5–7) and as investors await the Fed meeting next week (December 9–10). The support level is set at 1,270 points and 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 4.68 billion, closed at THB 52.00 per share, up THB 4.50 or 9.47%.
- Kasikornbank PCL (SET: KBANK): Trading value THB 1.42 billion, closed at THB 190.50 per share, down THB 0.50 or 0.26%.
- PTT PCL (SET: PTT): Trading value THB 1.10 billion, closed at THB 31.75 per share, up THB 0.50 or 1.60%.
- Bangkok Bank PCL (SET: BBL): Trading value THB 1.04 billion, closed at THB 165.50 per share, unchanged.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 805.71 million, closed at THB 199.50 per share, down THB 3.50 or 1.72%.
