Mr. Apichat Poobunjirdkul, Senior Director of Strategic Analysis at TISCO Securities, stated that the Stock Exchange of Thailand (SET) Index closed slightly lower this morning by 0.34%, or 4.39 points, at 1,269.38 points, with thin trading volume, due to investors delayed their purchase activities.
Market participants were waiting for the results of the U.S. Federal Reserve (Fed) meeting this week and domestic political developments following the renewed border tensions between Thailand and Cambodia, which have undermined government and investment confidence and require close monitoring.
The conflict has exerted pressure on certain stocks, such as those in the beverage, food, and hospital sectors with significant revenue from Cambodia. Meanwhile, the banking sector saw selling pressure this morning due to news about the TISA project heading to the Cabinet, with market expectations that the proposed conditions may be less attractive than anticipated.
For the afternoon session, the market is expected to continue moving within a range, with support at 1,270–1,265 points and resistance at 1,280–1,285 points.
The top five securities by trading value in the morning session are as follows:
- Airports of Thailand PCL (SET: AOT): Trading value THB 3 billion, closed at THB 53.50 per share, up THB 0.50 or 0.94%.
- Kasikornbank PCL (SET: KBANK): Trading value THB 1.59 billion, closed at THB 189.50 per share, down THB 1.50 or 0.79%.
- SCB X PCL (SET: SCB): Trading value THB 1.39 billion, closed at THB 131.50 per share, down THB 2.00 or 1.50%.
- Krungthai Bank PCL (SET: KTB): Trading value THB 1.15 billion, closed at THB 28.50 per share, down THB 0.25 or 0.87%.
- Bangkok Bank PCL (SET: BBL): Trading value THB 983.96 million, closed at THB 164.50 per share, down THB 1.50 or 0.90%.
