On Thursday, Thailand’s SET Index closed the morning trading session at 1,599.96 points, showing an increase of 23.71 points or 1.50%, with a trading value of THB 41.59 billion.
According to Bualuang Securities (BLS), the Thai stock market rebounded in the morning session, supported by renewed buying interest in large-cap stocks following significant declines the previous day.
The main driver continues to be the persistent inflow of foreign funds into the market. Although geopolitical concerns in the Middle East have resurfaced, the situation has not escalated significantly, allowing for some easing of investor anxiety.
Domestically, positive sentiment was fueled by the Constitutional Court’s decision, reached by a 7:2 majority, affirming the constitutionality of a THB 400 billion emergency loan decree.
Notably, the decision supports the legality of the THB 200 billion tranche designated for the nation’s energy transition efforts, providing an additional boost to market sentiment, particularly for stocks associated with domestic consumption and investment.
For the afternoon session, the Thai stock market is expected to continue trading in positive territory. Key technical levels are identified, with resistance at 1,610 points and support at 1,580 points.
The top five securities by trading value were as follows:
- KTB: trading value THB 3.52 billion, closing at THB 39.75, up THB 0.50 or 1.27%
- PTT: trading value THB 2.94 billion, closing at THB 37.00, up THB 0.25 or 0.68%
- PTTEP: trading value THB 2.63 billion, closing at THB 140.00, down THB 1.00 or 0.71%
- KBANK: trading value THB 2.32 billion, closing at THB 230.00, up THB 2.00 or 0.88%
- DELTA: trading value THB 2.14 billion, closing at THB 307.00, up THB 9.00 or 3.02%
