On Monday, Thailand’s SET Index closed the morning trading session at 1,574.46 points, showing an increase of 1.96 points or 0.12%, with a trading value of THB 36.61 billion.
Bualuang Securities (BLS) noted that the Thai stock market exhibited a modest upward movement within a narrow range during the morning session. This performance was partially supported by buying interest in the banking sector, following foreign brokerage firms’ decision to upweight the stocks.
Additionally, positive momentum was driven by a rise in lending figures for May, which contributed further to the market’s gains, while the electronics sector also saw increased buying activity.
Negotiations between the United States and Iran reached a breakthrough, resulting in the signing of an agreement that has helped ease geopolitical tensions to some degree. As a result, crude oil prices, which had previously trended upward, began to retreat. Similarly, the yield on U.S. government bonds edged slightly lower.
Looking ahead, Bualuang expects the Thai stock market to continue fluctuating within a range in the afternoon session. The resistance level is projected at 1,590 points, while the support level is set at 1,565 points.
For the stocks with the highest trading value:
- BBL: trading value of THB 3.99 billion, closed at THB 180.00, up THB 5.00 or 2.86%
- SCB: trading value of THB 2.82 billion, closed at THB 143.00, up THB 2.00 or 1.42%
- KBANK: trading value of THB 2.74 billion, closed at THB 209.00, up THB 2.00 or 0.97%
- GULF: trading value of THB 2.71 billion, closed at THB 63.25, down THB 0.75 or 1.17%
- DELTA: trading value of THB 1.91 billion, closed at THB 335.00, up THB 1.00 or 0.30%
