Mr. Vathan Jitsomnuk, Director of Strategy Analysis at Pi Securities, stated that the Stock Exchange of Thailand (SET) Index traded sluggishly this morning as it closed at 1,265.22 points, up 0.30%, or 3.83 points. Excluding gains from DELTA and AOT, the index would have ended in negative territory.
The pressure came from the lack of fresh catalysts, thin trading activity ahead of the midweek holiday, and investor caution ahead of the U.S. Federal Reserve (Fed) meeting on Thursday morning (BKK time). Regional stock markets remained flat this morning. Additionally, the Thai stock market also faced specific pressure from unrest at the Thai-Cambodian border.
The main support this morning came from DELTA, which led gains in the electronics parts sector due to positive sentiment after the U.S. permitted Nvidia to export AI chips to China. The power plant sector also rose, buoyed by the downward interest rate trend, a stronger baht, and lower costs.
For the afternoon session, the market is expected to move within a narrow range. Investors are advised to monitor details of the TISA project, which is being presented to the Cabinet of Thailand today. Support and resistance levels are set at 1,260 and 1,270 points, respectively.
The top five securities by trading value in the morning session are as follows:
- Airports of Thailand PCL (SET: AOT): Trading value THB 1.37 billion, closed at THB 53.75 per share, up THB 0.75 or 1.42%.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 818.84 million, closed at THB 196.50 per share, up THB 4.50 or 2.34%.
- Kasikornbank PCL (SET: KBANK): Trading value THB 758.34 million, closed at THB 191.00 per share, down THB 0.50 or 0.26%.
- Bangkok Bank PCL (SET: BBL): Trading value THB 713.12 million, closed at THB 162.50 per share, down THB 2.50 or 1.52%.
- Minor International PCL (SET: MINT): Trading value THB 554.29 million, closed at THB 23.60 per share, down THB 0.40 or 1.67%.
