On Monday, Thailand’s SET Index closed the morning trading session at 1,571.39 points, showing a decrease of 11.21 points or 0.71%, with a trading value of THB 41.08 billion.
Pi Securities wrote that the Thai stock market moved in line with other regional bourses as well as the U.S. markets, which experienced sharp declines. Investors expressed heightened concerns that inflation remains elevated after last Friday’s non-farm payroll figures exceeded market expectations.
This rekindled worries over the potential for further interest rate hikes, which weighed on the technology sector following previous gains. Additionally, crude oil prices surged amid ongoing uncertainty surrounding the Middle East conflicts, with Iran’s latest retaliation against Israel.
For the afternoon session, the index is expected to continue moving within a range as traders await fresh catalysts, including the upcoming release of U.S. CPI data on Wednesday and further developments in the Middle East.
Pi Securities has set the support level at 1,565 points and the resistance at 1,580 points.
The five securities with the highest trading value were as follows:
- DELTA: trading value of THB 3.83 billion, closing at THB 340.00, down THB 3.00 or 0.87%
- GULF: trading value of THB 3.55 billion, closing at THB 65.75, down THB 1.25 or 1.87%
- SCB: trading value of THB 2.21 billion, closing at THB 139.50, down THB 1.50 or 1.06%
- BBL: trading value of THB 2.15 billion, closing at THB 170.50, down THB 4.00 or 2.29%
- PTTEP: trading value of THB 1.81 billion, closing at THB 145.50, up THB 1.00 or 0.69%
