On Wednesday, Thailand’s SET Index closed the morning trading session at 1,575.58 points, showing an increase of 22.22 points or 1.43%, with a trading value of THB 40.77 billion.
UOBKayHian Securities (Thailand) (UOBKH) stated that the Thai stock market gained ground this morning, buoyed by a rally in electronics stocks. This movement followed continued gains in the technology and hardware sectors across international markets over the past 2-3 days.
The brokerage noted that electronics shares have entered a bull phase, supported by growing orders related to artificial intelligence (AI) from business partners this year. As a result, market sentiment has shifted towards assigning higher price-to-earnings (P/E) ratios to these stocks.
Discussions with industry operators suggest that AI-related orders are currently expected to account for only around 5-7% of total orders this year and next. In contrast, share prices in the sector have already surged 30-100%, which UOBKH considers an excessive reaction. Consequently, there is short-term speculative momentum throughout the group.
Regarding other sectors, including energy and domestic consumption, the brokerage cautioned that second and third quarter earnings may slow, acting as a negative factor for the market.
For the afternoon session, UOBKH expects the market’s direction to resemble this morning’s, with the SET Index approaching the 1,600-point level, having rallied swiftly from the lower bound of 1,053.79 points recorded on 23 June 2026.
However, investors are recommended to remain cautious, as the full impact of the ongoing war will likely become apparent in the second and third quarters. The analyst sets the support level at 1,545 points and the resistance at 1,600 points.
The five securities with the highest trading value today were as follows:
- DELTA: trading value of THB 7.57 billion, closed at THB 360.00, up THB 21.00 or 6.19%
- HANA: trading value of THB 2.41 billion, closed at THB 41.75, up THB 3.50 or 9.15%
- GULF: trading value of THB 2.33 billion, closed at THB 62.50, up THB 0.75 or 1.21%
- KBANK: trading value of THB 2.25 billion, closed at THB 197.00, down THB 1.00 or 0.51%
- BBL: trading value of THB 1.98 billion, closed at THB 172.00, down THB 1.50 or 0.86%
