Thai stocks close morning up 0.76 points despite electronics sell-off

MGR Online•Economy•3d ago

Reader Briefing

The SET Index closed the morning session at 1,636.05 points, increasing by 0.76 points.

•The SET Index increased by 0.76 points (+0.05%) to close at 1,636.05 points in the morning session.
•Trading value for the morning session was approximately 54,311 million baht.
•Foreign fund flows continued into the banking, power plant, and retail sectors.
•Profit-taking in global technology stocks pressured Thai electronic components stocks, specifically Delta.

•The SET Index closed the morning session at 1,636.05 points, an increase of 0.76 points or 0.05%.
•The morning trading value was approximately 54,311 million baht, with a high of 1,637.25 points and a low of 1,628.60 points.
•Global technology sector profit-taking pressured Thai electronic component stocks, led by Delta.
•The index was supported by continuous foreign fund inflows into the banking, power plant, and retail sectors due to low P/E ratios.
•Wathanjit Somnuek stated the Thai market movement aligned with declines in Taiwan and Japan markets caused by tech stock sell-offs.
•Wathanjit Somnuek noted that US tech stocks also faced profit-taking after a period of strong growth.
•Investors are monitoring the earnings reports of Thai and US listed companies next week.
•Wathanjit Somnuek projected the afternoon index to fluctuate within a support level of 1,620 points and a resistance level of 1,640 points.

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Delta(DELTA)

A Thai electronic components stock that faced pressure from profit-taking in the global technology sector.

Pi Securities(บล.พาย)

The securities firm where Wathanjit Somnuek serves as Director of Securities Analysis.

Wathanjit Somnuek(วทัญจิตต์สมนึก)

Director of Securities Analysis at Pi Securities.

Taiwan(ไต้หวัน)ℹ️

A location where the stock market experienced a sharp decline due to technology stock sell-offs.

Japan(ญี่ปุ่น)ℹ️

A location where the stock market declined due to technology stock sell-offs.

USA(สหรัฐฯ)ℹ️

A location where tech-related stocks faced profit-taking and whose listed companies will reveal earnings next week.