On Thursday, Thailand’s SET Index closed the morning trading session at 1,523.52 points, an increase of 6.61 points or 0.44%, with a trading value of THB 40.71 billion.
Mr. Vathan Jitsomnuk, Director of Strategy Analysis at Pi Securities, stated that the Thai stock market traded in the positive territory, in line with regional markets. This movement reflects investor optimism toward ongoing negotiations aimed at ending the conflict between the United States and Iran, following overseas media reports that both nations are nearing an agreement in the form of a Memorandum of Understanding (MOU).
Simultaneously, President Donald Trump is scheduled to visit China next week for a meeting with President Xi Jinping. It is expected that the Iran conflict will be a key topic of discussion during this summit. Although uncertainty remains over whether an agreement will be finalized, market sentiment has improved, reducing immediate concerns and contributing to a sharp decline in oil prices by approximately 7-8% last night.
These developments have supported a more favorable investment climate by alleviating inflationary concerns, leading to a rebound in U.S. technology stocks. In addition, the Thai stock market has benefited from expectations of easing tensions in the Middle East. Stocks previously pressured by heightened oil prices are regaining interest, notably those in the power generation, consumer, tourism, and hospital sectors.
Looking to the afternoon session, Mr. Vathan anticipates that the Thai bourse will continue to receive positive sentiment, estimating a key support level at 1,515 points and 1,530 points for resistance.
The five stocks with the highest trading value this morning were as follows:
- GULF: trading value of THB 3.32 billion, closed at THB 62.25, up THB 1.50 or 2.47%
- DELTA: trading value of THB 2.88 billion, closed at THB 325.00, up THB 2.00 or 0.62%
- ADVANC: trading value of THB 2.27 billion, closed at THB 350.00, up THB 2.00 or 0.57%
- PTTEP: trading value of THB 1.91 billion, closed at THB 150.50, unchanged
- KBANK: trading value of THB 1.74 billion, closed at THB 194.50, down THB 2.00 or 1.02%
