On Friday, Thailand’s SET Index closed the morning trading session at 1,636.05 points, showing an increase of 0.76 points or 0.05%, with a trading value of THB 54.40 billion.
Pi Securities wrote that the Thai stock market traded sideways within a narrow range, moving into negative territory in line with other international markets. Both the Taiwan and Japanese stock markets experienced notable declines, driven by heavy selling in technology stocks.
While the U.S. markets posted only modest declines overnight, technology shares still faced significant selling pressure as investors took profits after recent sharp gains in the sector. This negative sentiment has impacted Thai electronics component stocks, particularly DELTA.
On the domestic front, however, foreign capital inflows have persisted, drawn to Thai stocks in other sectors with relatively low price-to-earnings ratios, such as banking, power generation, and retail. As a result, the Thai market experienced only a limited decline in the morning.
Looking ahead to the afternoon, the index is expected to continue trading within range, as the global investment climate remains pressured by continued selling in the technology sector. Investors will be closely monitoring the earnings releases of listed companies both in Thailand and the United States next week.
Support for the index is set at 1,620 points, while resistance is identified at 1,640 points.
The five most traded securities by trading value are as follows:
- GULF: trading value THB 12.55 billion, closing at THB 67.00, up THB 4.00 or 6.35%
- DELTA: trading value THB 2.93 billion, closing at THB 299.00, down THB 5.00 or 1.64%
- PTTEP: trading value THB 2.16 billion, closing at THB 145.00, up THB 1.50 or 1.05%
- ADVANC: trading value THB 2.03 billion, closing at THB 377.00, up THB 2.00 or 0.53%
- KBANK: trading value THB 1.70 billion, closing at THB 234.00, down THB 1.00 or 0.43%
