SET Index drops 14 points at midday amid big cap pressure

Prachachat•Economy•2d ago

Reader Briefing

The Thai stock market closed its morning session down 14.46 points as big-cap stocks faced selling pressure.

•The Thai stock index closed the morning session at 1,599.32 points, a decrease of 14.46 points or 0.90%.
•Selling pressure on big-cap stocks including DELTA, AOT, KBANK, and GULF pushed the index down.
•High global crude oil prices provided support for energy and petrochemical stocks.
•Investors are monitoring the Jackson Hole meeting and FTSE index rebalancing.

•The Thai stock index closed the morning session at 1,599.32 points, down 14.46 points or 0.90%, with a trading value of approximately 36,133.29 million baht.
•The index fluctuated in negative territory because big-cap stocks such as DELTA, AOT, KBANK, and GULF faced selling pressure.
•Global crude oil prices remaining at a high level acted as a positive factor for energy and petrochemical stocks, which helped limit the market's decline.
•Investors will monitor the Jackson Hole meeting for statements from the US Federal Reserve Chair and other officials regarding monetary policy and interest rate trends.
•The FTSE index rebalancing, which resulted in several Thai stocks being downgraded, is expected to primarily impact investment sentiment.
•Mr. Apichat views the decline of fundamentally strong stocks due to FTSE index pressure as an opportunity for gradual accumulation.

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Tisco Securities(บล.ทิสโก้)

A securities firm that provided analysis on the Thai stock market and the impact of the FTSE rebalance.

DELTA

A big-cap stock that faced selling pressure in the morning session.

AOT

A big-cap stock that faced selling pressure in the morning session.

KBANK

A big-cap stock that faced selling pressure in the morning session.

GULF

A big-cap stock that faced selling pressure in the morning session.

Federal Reserve(ธนาคารกลางสหรัฐ (เฟด))ℹ️

The US central bank whose officials' statements are being monitored for monetary policy direction.

FTSE

An organization that announced a new index composition adjustment, downgrading several Thai stocks.

Apichat(อภิชาติ)

An individual who analyzed the psychological impact of the FTSE index rebalancing on the Thai market.