Mr. Weerawat Wirojphoka, Senior Director of FSS International Investment Advisory Securities (FSSIA), stated that the Stock Exchange of Thailand (SET) Index closed the morning session higher by 0.27%, or 3.38 points, at 1,264.77 points due to the sharp rise in the U.S. stock markets following TSMC’s strong earnings report and a robust performance from banking stocks.
Domestically, the market is still in a “wait & see” mode as it anticipates bank earnings, which will gradually be announced next week (January 19–21).
He added that investment sentiment in Thai stocks rebounded due to foreign buying for the second consecutive day, climbing above 1,250 points, a key support level, thereby improving the overall outlook.
Although domestic institutions have been adjusting their portfolios and selling off for 4–5 days due to approximately THB 100 billion remaining in Long-Term Equity funds, the market is hoping fund flow will help stabilize it, keeping the Thai stock market within the 1,250–1,280 point range.
For the afternoon session, the analyst expects the market to trend slightly positive, with hopes that fund flow will continue to provide support as long positions are observed in the futures market. The support level is set at 1,258 points, with resistance at 1,270 points.
The top five securities by trading value in the morning session are as follows:
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 1.55 billion, closed at THB 166.50 per share, up THB 2.00 or 1.22%.
- Advanced Info Service PCL (SET: ADVANC): Trading value THB 1.39 billion, closed at THB 336.00 per share, down THB 3.00 or 0.88%.
- Gulf Development PCL (SET: GULF): Trading value THB 1.24 million, closed at THB 44.25 per share, up THB 1.00 or 2.31%
- SCB X PCL (SET: SCB): Trading value THB 1.22 billion, closed at THB 139.00 per share, unchanged.
- Kasikornbank PCL (SET: KBANK): Trading value THB 1.15 billion, closed at THB 193.00 per share, up THB 1.50 or 0.78%.
