Thailand’s SET Index closed at 1,517.26 points, increased 33.70 points or 2.27%, with a trading value of THB 67.66 billion. The analyst stated that the Thai market rebounded to above 1,500 points, outperforming its regional peers. This followed a significant gain from DELTA after MSCI Rebalance concerns subsided, while brokers upgraded their outlooks. Additionally, there were also supporting catalysts from the ICT and energy sectors.
For tomorrow, the analyst expects the Thai market to move sideways within range as the index rebases, with potential profit-taking actions, while also recommending investors closely monitor the meeting between the U.S. and Chinese leaders.
The Thai stock market is preparing for a significant wave of volatility as the latest MSCI Global Standard Index rebalancing is set to take effect at the closing bell on May 29. According to market estimates, the reweighting is expected to trigger a total outflow of approximately ฿8,600 million from Thai equities.
