On Tuesday, Thailand’s SET Index closed the morning trading session at 1,561.39 points, showing a decrease of 12.74 points or 0.81%, with a trading value of THB 65.87 billion.
Yuanta Securities (Thailand) wrote that the Thai stock market weakened significantly this morning, driven by heavy selling in the electronics components sector, led primarily by DELTA, which exerted the most pressure on the market.
This move followed a decline in U.S. technology stocks such as SpaceX, after its price rallied sharply, and Google, following the resignation of an executive. Additionally, investors are awaiting Micron’s earnings report, scheduled for this week.
Notably, the South Korean stock market also experienced a steep drop this morning, falling 4.9%. Meanwhile, U.S. bond yields remained elevated, and the US dollar strengthened.
For the afternoon session, the market is expected to remain steady from the morning levels. Key support is seen at 1,558–1,555 points, while resistance is pegged at 1,570 points.
The top five securities by trading value were as follows:
- GULF: trading value THB 8.36 billion, closing price THB 61.25, unchanged
- DELTA: trading value THB 2.98 billion, closing price THB 326.00, down THB 9.00 or 2.69%
- KBANK: trading value THB 2.36 billion, closing price THB 209.00, down THB 1.00 or 0.48%
- PTT: trading value THB 1.86 billion, closing price THB 35.25, down THB 0.50 or 1.40%
- BBL: trading value THB 1.59 billion, closing price THB 177.50, down THB 2.50 or 1.39%
