SET Surges Above 1,600 Points Due to Fund Inflows and Loan Decree

Prachachat•Economy•16d ago

Reader Briefing

The Stock Exchange of Thailand (SET) index closed above 1,600 points, driven by strong foreign fund inflows and the government's successful loan decree enactment.

•The SET Index closed at 1,608.30 points, up 32.05 points (+2.03%).
•Fund flows and the government's 400 billion baht loan decree passing strengthened the market.
•Specific stocks like KCE, HANA, DELTA, WHAUP, AMATA, and GPSC saw significant gains.
•TOP, IRPC, and SPRC declined due to pressure from diesel price reductions.

Overview

•On July 9, the SET Index closed at 1,608.30 points, an increase of 32.05 points (+2.03%).
•The market surge was supported by fund inflows and the government's 400 billion baht loan decree passing.
•KCE saw a gain of +10.88%, HANA +6.57%, and DELTA +4.03% following the chip stock trend.
•WHAUP gained +11.94%, AMATA +4.90%, and GPSC +3.76% due to the energy investment theme.
•TOP experienced a decline of -3.43%, IRPC -3.16%, and SPRC -1.82% due to pressure from diesel price reductions.
•The loan decree was considered to have passed smoothly, boosting broad buying interest.

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Key Entities

Organization

Stock Exchange of Thailand(SET)ℹ️

The primary stock market index in Thailand.

InnovestX Securities(บล.อินโนเวสท์ เอกซ์)

A securities company that provided commentary on the SET Index's performance.

KCE Electronics(KCE)

A stock that saw a significant price increase (+10.88%) influenced by chip stock trends.

HANA Microelectronics(HANA)

A stock that experienced a price increase (+6.57%) influenced by chip stock trends.

Delta Electronics (Thailand)(DELTA)

A stock that rose by 4.03%, following the trend of chip-related stocks.

WHA Utilities and Power(WHAUP)

A stock that performed strongly (+11.94%) in the energy investment theme.

Amata Corporation(AMATA)

An industrial estate developer whose stock increased by 4.90% due to the energy theme.

Global Power Synergy Public Company(GPSC)

An energy company whose stock rose 3.76%, benefiting from the energy investment theme.

Thai Oil Public Company(TOP)

An oil refinery whose stock declined by 3.43% due to pressure from diesel price reductions.

IRPC Public Company(IRPC)

A petrochemical and refining company whose stock dropped 3.16% due to diesel price pressure.

Star Petroleum Refining Public Company(SPRC)

A petroleum refining company that saw its stock price fall by 1.82% due to diesel price reductions.

Law

400 Billion Baht Loan Decree(พ.ร.ก. กู้เงิน 4 แสนล้านบาท)

A government decree for borrowing 400 billion baht that was deemed legal.