On Friday, Thailand’s SET Index closed the morning trading session at 1,506.52 points, showing a decrease of 1.01 points or 0.07%, with a trading value of THB 38.78 billion.
Mr. Natapon Khamthakrue, Assistant Managing Director of Securities Analysis at Yuanta Securities (Thailand), stated that the Thai stock market traded within a narrow range and remained virtually unchanged this morning.
Trading activity was mainly driven by speculative buying in companies that reported better-than-expected first quarter 2026 earnings, particularly in the telecommunications sector, including TRUE, ADVANC, and THCOM, as well as TIDLOR.
Meanwhile, renewed conflict in the Middle East has resulted in fresh clashes between the United States and Iran, with both sides exchanging fire in the Strait of Hormuz. This escalation has led to a rebound in oil prices, which, in turn, has exerted pressure on shares of companies with high oil costs. Consequently, the market saw a combination of both buying and selling pressure, resulting in a relatively flat session.
Looking ahead to the afternoon session, Mr. Natapon expects the market to continue moving sideways or potentially soften further. He anticipates that selling pressure may increase ahead of a possible agreement in the ongoing peace talks between Iran and the United States, as Iran considers a U.S. proposal to end the conflict.
Key support levels are seen at 1,495-1,500 points, with resistance at 1,510 points.
The five securities with the highest trading value were as follows:
- TRUE (XD): trading value of THB 4.12 billion, closed at THB 14.50, up THB 0.10 or 0.69%
- ADVANC: trading value of THB 3.22 billion, closed at THB 351.00, up THB 1.00 or 0.29%
- DELTA: trading value of THB 2.69 billion, closed at THB 313.00, down THB 2.00 or 0.63%
- GULF: trading value of THB 2.61 billion, closed at THB 60.75, down THB 1.00 or 1.62%
- PTTEP: trading value of THB 1.74 billion, closed at THB 149.50, up THB 2.00 or 1.36%
