Mr. Natapon Khamthakrue, Assistant Managing Director of Securities Analysis at Yuanta Securities (Thailand), stated that the Stock Exchange of Thailand (SET) Index closed slightly higher this morning by 0.02%, or 0.29 points, to 1,253.83 points, driven by the upbeat investment atmosphere in Asian equities and a weakened U.S. dollar.
As for the government’s announcement of parliament dissolution, historical data shows that the stock market tends to react positively with a 1% rise, then softens while awaiting the election timeline. During the period between parliament dissolution and the election, the market is expected to move sideways for a while.
Regarding the ongoing tension at the Thai-Cambodian border, tonight, U.S. President Donald Trump is scheduled to speak by phone with caretaker Prime Minister Anutin Charnvirakul. Clarity on this matter is still awaited. As a result, there has been some profit-taking in stocks such as AOT, DELTA, and ADVANC.
However, there has also been rotation into global play stocks, particularly the Siam Cement PCL (SET: SCC). Meanwhile, VGI PCL (SET: VGI) and Plan B Media PCL (SET: PLANB) have rebounded due to anticipated increased media spending during the election period.
For the afternoon outlook, the market is expected to trade sideways with a downward bias due to the lack of supporting factors. The first support level is at 1,250 points, followed by 1,240 points, with resistance at 1,260–1,265 points.
The top five securities by trading value in the morning session are as follows:
- Airports of Thailand PCL (SET: AOT): Trading value THB 1.99 billion, closed at THB 50.00 per share, down THB 2.50 or 4.76%.
- Bangkok Dusit Medical Services PCL (SET: BDMS): Trading value THB 1.36 billion, closed at THB 20.00 per share, up THB 0.50 or 2.56%.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 1.22 billion, closed at THB 183.50 per share, down THB 1.50 or 0.81%.
- Advanced Info Service PCL (SET: ADVANC): Trading value THB 1.04 billion, closed at THB 306.00 per share, down THB 4.00 or 1.29%.
- SCB X PCL (SET: SCB): Trading value THB 971.15 million, closed at THB 133.50 per share, up THB 0.50 or 0.38%.
