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 lower by 1.14%, or 16.34 points, at 1,413.46 points, moving in line with regional markets due to the ongoing Middle East war, which remains tense with no positive developments. This also caused Brent oil prices to rebound and exceed USD 100 per barrel.
Even though the market performed better than the region during the previous session, thanks to clearer domestic political developments, the situation surrounding the Middle East continues to weigh on investment sentiment. Moreover, this morning also saw risk-reducing sell-offs ahead of the weekend.
For the afternoon outlook, the market is expected to slow down. Should circumstances in the Mideast intensify and affect the financial sector, the SET Index could drop to 1,340 points. Nonetheless, the support level is pegged at 1,385 points, with the resistance at 1,430 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 4.96 billion, closed at THB 147.50 per share, up THB 3.00 or 2.08%.
- PTT PCL (SET: PTT): Trading value THB 2.85 billion, closed at THB 34.50 per share, down THB 0.50 or 1.43%.
- Delta Electronics (Thailand) PCL (SET: DELTA): Trading value THB 2.2 billion, closed at THB 257.00 per share, down THB 5.00 or 1.91%.
- True Corporation PCL (SET: TRUE): Trading value THB 1.7 billion, closed at THB 13.30 per share, down THB 0.20 or 1.48%.
- Kasikornbank PCL (SET: KBANK): Trading value THB 1.34 billion, closed at THB 188.50 per share, down THB 0.50 or 0.26%.
