On Thursday, Thailand’s SET Index closed the morning trading session at 1,585.63 points, showing a decrease of 1.44 points or 0.09%, with a trading value of THB 44.57 billion.
UOBKayHian Securities (Thailand) wrote that the Thai stock market traded within a narrow range this morning, amidst mixed factors. Last night, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve maintained its policy interest rate as expected but signaled a possible rate hike later this year. This development boosted banking and insurance stocks, while some large-cap stocks, particularly those that have benefited from the Middle East conflict, faced selling pressure.
The overall market continues to lack fresh catalysts, and the narrow trading range is anticipated to persist into the afternoon session, as investors closely monitor whether the U.S. President and Iran will sign a memorandum of understanding to end the conflict on Friday.
The brokerage set the support level in the range of 1,574–1,580 points and resistance between 1,590–1,595 points.
The five stocks with the highest trading value are as follows:
- SCB: Trading value THB 3.31 billion, closed at THB 142.00, unchanged
- DELTA: Trading value THB 2.35 billion, closed at THB 347.00, unchanged
- KTB: Trading value THB 2.26 billion, closed at THB 36.50, up THB 0.75 or 2.10%
- KBANK: Trading value THB 1.80 billion, closed at THB 206.00, up THB 1.00 or 0.49%
- BBL: Trading value THB 1.49 billion, closed at THB 176.00, up THB 2.00 or 1.15%
