On Friday, Thailand’s SET Index closed the morning trading session at 1,588.89 points, showing an increase of 16.57 points or 1.05%, with a trading value of THB 37.95 billion.
UOBKayHian Securities (Thailand) (UOBKH) wrote that the Thai stock market opened higher this morning, in line with gains in regional markets. The positive trend follows pressure from a decline in technology stocks during the previous sessions and concerns over the volatile Middle East war situation.
However, as U.S. President Donald Trump canceled a planned attack on Iran, the development resulted in a drop in oil prices, U.S. bond yields, and a weakening of the U.S. dollar. These factors contributed positively to global equity markets and precious metals.
Within the Thai market, buying interest was seen in large-cap stocks, led by DELTA, along with the power plant, banking, retail, and tourism sectors, reflecting portfolio adjustments by investors, who have been gradually reducing exposure in stocks benefiting from higher energy prices and shifting toward domestic consumption stocks, which are poised to gain from an easing of conflicts.
Power plants are another prominent beneficiary, serving as a defensive play. The brokerage anticipated strong second-quarter earnings for the sector, with minimal risk of downward revisions.
For the afternoon session, the Thai bourse is expected to continue trading sideways-up. UOBKH provided a support level at 1,584 points and a resistance level at 1,600 points.
The five most actively traded securities by trading value were as follows:
- DELTA: trading value of THB 4.70 billion, closed at THB 363.00, up THB 5.00 or 1.40%
- KBANK: trading value of THB 2.20 billion, closed at THB 202.00, up THB 4.50 or 2.28%
- GULF: trading value of THB 2.08 billion, closed at THB 64.25, up THB 1.50 or 2.39%
- SCB: trading value of THB 2.03 billion, closed at THB 139.50, up THB 2.00 or 1.45%
- ADVANC: trading value of THB 1.78 billion, closed at THB 365.00, up THB 6.00 or 1.67%
