Mr. Weerawat Wirojphoka, Senior Director of FSS International Investment Advisory Securities (FSSIA), stated that the Stock Exchange of Thailand (SET) Index moved sluggishly this morning as it closed the session lower by 0.38%, or 4.78 points, to 1,252.07 points. The sell-off in tech stocks has dimmed the sentiment and pressured DELTA.
Meanwhile, investment capital has shifted and concentrated in the banking sector. Although the Monetary Policy Committee (MPC) reduced the policy interest rate, it signaled that further cuts might be paused in the short term. This lessened the pressure on bank stocks, which continue to offer high dividend yields.
The market trend for this afternoon is expected to remain sideways and subdued, awaiting the release of U.S. CPI inflation data. Support is seen at 1,250 points, and resistance at 1,260 points.
The top five securities by trading value in the morning session are as follows:
- PTT PCL (SET: PTT): Trading value THB 2.00 billion, closed at THB 31.25 per share, up THB 0.25 or 0.81%.
- SCB X PCL (SET: SCB): Trading value THB 1.26 billion, closed at THB 135.50 per share, up THB 1.50 or 1.12%.
- TMBThanachart Bank PCL (SET: TTB): Trading value of THB 1.24 billion, closed at THB 2.04 per share, up THB 0.05 or 2.51%.
- Bangkok Bank PCL (SET: BBL): Trading value THB 1.17 billion, closed at THB 169.00 per share, up THB 3.50 or 2.11%.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 988.86 million, closed at THB 169.00 per share, down THB 4.00 or 2.31%.
