On Tuesday, Thailand’s SET Index closed the morning trading session at 1,589.03 points, showing a decrease of 2.69 points or 0.17%, with a trading value of THB 39.96 billion.
FSS International Investment Advisory Securities (FSSIA) stated that the Thai stock market traded sideways in the morning session. This followed several weeks of upward movement, during which investor optimism was driven by expectations that the Middle East conflict would ease.
As investors had largely priced in the likelihood that the United States and Iran would sign a memorandum of understanding to end hostilities, the market did not experience a significant rally on the news, amid ‘Sell on Fact’ pressure. Notably, the Strait of Hormuz is expected to be fully reopened for shipping on Friday, June 19.
Additionally, there was evidence of sector rotation in the morning, with capital moving out of stocks that had appreciated in previous weeks—such as energy and electronics—and flowing into laggard sectors, including finance, retail, and food.
Overall, investors are closely monitoring the upcoming U.S. Federal Reserve meeting. While the market anticipates that the Fed will maintain interest rates, attention is focused on the first public remarks by Fed Chair Kevin Warsh to gauge any signals regarding the future direction. Currently, the market estimates the probability of a rate hike in 2026 has fallen below 60%.
For the afternoon session, the SET Index is expected to continue trading sideways, with support estimated at 1,585 points and resistance in the range of 1,595 to 1,600 points.
The five securities with the highest trading value were as follows:
- DELTA: trading value of THB 2.94 billion, closing at THB 354.00, down THB 7.00 or 1.94%
- SCB: trading value of THB 2.12 billion, closing at THB 142.00, up THB 2.00 or 1.43%
- KTB: trading value of THB 2.11 billion, closing at THB 35.50, down THB 0.25 or 0.70%
- PTTEP: trading value of THB 1.96 billion, closing at THB 135.00, down THB 0.50 or 0.37%
- KBANK: trading value of THB 1.87 billion, closing at THB 205.00, up THB 3.00 or 1.49%
