On Wednesday, Thailand’s SET Index closed the morning trading session at 1,584.32 points, showing a decrease of 3.73 points or 0.23%, with a trading value of THB 38.79 billion.
Maybank Securities (Thailand) wrote that the Thai stock market declined in the morning session, pressured partially by sell-offs in DELTA. This is believed to relate to the application of the Cap Weight regulation, prompting a reduction in the weight of DELTA in investment portfolios. Additionally, there was selling pressure in shares of companies linked to oil prices.
The overall market sentiment remained lackluster as no new positive factors emerged to drive the market further, following the recent peace agreement between the United States and Iran. After the market had earlier risen on this news, some profit-taking was observed. Investors are awaiting statements from the new U.S. Federal Reserve Chair, expected later tonight.
For the afternoon session, the Thai bourse is anticipated to move sideways within a range, with resistance at 1,595 points and support at 1,565 points.
The top five stocks by trading value were as follows:
- DELTA: trading value of THB 3.44 billion, closed at THB 346.00, down THB 6.00 or 1.70%
- AOT: trading value of THB 1.72 billion, closed at THB 59.75, down THB 0.25 or 0.42%
- KBANK: trading value of THB 1.54 billion, closed at THB 204.00, down THB 2.00 or 0.97%
- SCB: trading value of THB 1.45 billion, closed at THB 142.00, down THB 0.50 or 0.35%
- PTTEP: trading value of THB 1.30 billion, closed at THB 133.50, down THB 2.00 or 1.48%
