Thai Stocks Down 5.45 pts on Gloom; Fund Flow & Earnings Next

MGR Online•Economy•266d ago

Reader Briefing

The Thai stock market (SET) declined by 5.45 points due to a lack of new supporting factors and negative international sentiment, with attention turning to fund flows and corporate earnings next week.

•The Stock Exchange of Thailand (SET) index closed at 1,325.62 points, down 5.45 points.
•The decline was attributed to a lack of new positive catalysts and negative geopolitical sentiment globally.
•Investors are anticipating fund flows and the earnings season for listed companies in the upcoming week.
•The market experienced volatility, with 194 stocks increasing, 218 decreasing, and 247 remaining unchanged.

Overview

•The Stock Exchange of Thailand (SET) index closed at 1,325.62 points on Dec 13, 2024, a decrease of 5.45 points (-0.41%).
•Trading value for the day reached 46,898.74 million Thai Baht.
•The market moved negatively throughout the day due to a lack of new supporting factors and ongoing negative international sentiment.
•Geopolitical conflicts and the announcement of the US Federal Reserve chair, along with tech company earnings, have increased volatility in risk assets.
•The Thai stock market's valuation is considered tight, with forward P/E at 14 times, -0.5 standard deviation over a 5-year period.
•The market will focus on fund flows and international factors next week, with potential volatility from listed company earnings announcements.
•Q4 2025 GDP in Thailand is expected to be weak, potentially impacting market sentiment.
•Support levels are identified at 1,320 and 1,314 points, with resistance at 1,333 and 1,340 points.

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Key Entities

Organization

Aira Securities Public Company Limited(บล.ไอร่า)

A Thai securities company whose analyst commented on the stock market performance.

Federal Reserve(เฟด)ℹ️

The central banking system of the United States, whose leadership announcement is impacting global markets.

True Corporation(TRUE)ℹ️

A telecommunications company whose stock had the highest trading value on the Thai stock market.

Advanced Info Service(ADVANC)ℹ️

A telecommunications company whose stock was among the highest in trading value on the Thai stock market.

PTT Public Company Limited(PTT)ℹ️

An energy company whose stock was among the highest in trading value on the Thai stock market.

Delta Electronics (Thailand) Public Company Limited(DELTA)ℹ️

An electronics company whose stock was among the highest in trading value on the Thai stock market.

Siam Commercial Bank(SCB)ℹ️

A banking institution whose stock was among the highest in trading value on the Thai stock market.

Person

Narongdet Juntrapaisal(นายณรงค์เดช จันทรไพศาล)

Director of Securities Analysis at Aira Securities, who provided an analysis of the Thai stock market.