On Tuesday, Thailand’s SET Index closed the morning session at 1,483.99 points, representing an increase of 2.14 points or 0.14%, with a trading value of THB 33.64 billion.
Mr. Natapon Khamthakrue, Assistant Managing Director of Securities Analysis at Yuanta Securities (Thailand), stated that the Thai stock market was relatively stable in morning trading, with DELTA experiencing significant volatility, while KBANK’s ex-dividend status weighed down the index by approximately 2 points.
However, notable buying interest emerged in finance and yield play stocks, which helped support the broader market. Earlier concerns over rising government bond yields had put pressure on these sectors, but bond yields have started to soften as the government is now expected to delay expanding the public debt ceiling.
In addition, shares in the electronics sector advanced, mirroring gains in their overseas technology peers. Anti-Commodity stocks also performed well, moving in the opposite direction of falling oil prices. Investors are hopeful regarding the second round of peace talks between the United States and Iran, anticipating a potential agreement.
For the afternoon session, Mr. Natapon expects the market to remain rangebound, similar to the morning’s movements, as investors await results from the Cabinet meeting and financial reports from the banking sector. The support and resistance levels for the SET Index are estimated at 1,475 and 1,490 points, respectively.
The top five most actively traded stocks were:
- KBANK (XD): trading value of THB 6.66 billion, closing at THB 181.50, down by THB 6.50 or 3.46%
- KTB: trading value of THB 3.99 billion, closing at THB 33.00, up by THB 2.00 or 6.45%
- SCB (XD): trading value of THB 1.67 billion, closing at THB 137.50, up by THB 1.50 or 1.10%
- BBL: trading value of THB 1.45 billion, closing at THB 167.00, up by THB 2.50 or 1.52%
- DELTA: trading value of THB 1.08 billion, closing at THB 303.00, down by THB 4.00 or 1.30%
