Mr. Chaiyaporn Nompitakcharoen, Managing Director of Sales & Trading Business at Bualuang Securities, stated that the Stock Exchange of Thailand (SET) Index closed the morning session lower by 3.03%, or 42.72 points, at 1,367.65 points, moving in line with foreign markets.
The SET Index remains pressured by the prolonged Middle East war between the United States and Iran, where no progress in negotiations is evident, causing investors to sell off risk assets and putting further pressure on the stock market.
Meanwhile, crude oil prices have soared to more than USD 110 per barrel, raising concerns about the impact on the economy, particularly the direction of interest rates, which may trend higher if inflation surges. This remains another crucial factor weighing on global stock markets.
As for the afternoon session, the analyst expects the SET Index to fluctuate in negative territory and recommends that investors closely monitor the Middle East conflict. Resistance is set at 1,370 points, and support at 1,320 points.
The top five securities by trading value in the morning session are as follows:
- PTT Exploration and Production PCL (SET: PTTEP): Trading value THB 5.09 billion, closed at THB 145.50 per share, up THB 4.00 or 2.83%.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 4.04 billion, closed at THB 238.00 per share, down THB 17.00 or 6.67%.
- Kasikornbank PCL (SET: KBANK): Trading value THB 3.76 billion, closed at THB 183.00 per share, down THB 5.00 or 2.66%.
- Gulf Development PCL (SET: GULF): Trading value THB 3.03 billion, closed at THB 53.75 per share, down THB 2.25 or 4.02%.
- Advanced Info Service PCL (SET: ADVANC): Trading value THB 2.68 billion, closed at THB 351.00 per share, down THB 10.00 or 2.77%.
