Thailand’s SET Index closed the morning session on Friday at 1,461.01 points, declining by 4.71 points or 0.32%, with a trading value of THB 23.69 million. According to Pi Securities, the Thai stock market exhibited both upward and downward movements, reflecting a cautious sentiment among investors.
The prevailing uncertainty is attributed to the ongoing conflict in the Middle East, as well as the upcoming deadline on April 6 after the United States postponed its plan to target Iran’s energy infrastructure. WTI crude oil prices have surged to levels close to Brent crude, indicating continued investor apprehension regarding the geopolitical situation.
Domestically, additional pressures have arisen from the new government’s anticipated review of the national energy pricing structure. Proposed measures may include a reduction in marketing margins for petrol stations and a decrease in refinery margins for local refineries. Consequently, despite the recent increase in global oil prices, energy sector stocks have come under pressure due to concerns over the possible intervention.
For the afternoon session, the brokerage expects the market to remain highly cautious while awaiting further clarity on both external and domestic factors. Notably, as the U.S. deadline falls on a day when the Thai stock market will be closed, trading is expected to stay within a narrow range.
Support levels are identified at 1,450 points and 1,430 points, while resistance is seen at 1,467 points and subsequently at 1,480 points.
As for the stocks with the highest trading value, the top five are as follows:
- PTT: trading value of THB 2.25 billion, closing at THB 34.75, down by THB 0.75 or 2.11%
- GULF: trading value of THB 1.50 billion, ending at THB 60.50, up by THB 0.75 or 1.26%
- DELTA: trading value of THB 1.40 billion, closing at THB 270.00, down by THB 1.00 or 0.37%
- KBANK: trading value of THB 1.12 billion, finishing at THB 190.50, down by THB 1.50 or 0.78%
- PTTEP: trading value of THB 958.36 million, closing at THB 158.50, down by THB 1.00 or 0.63%
