Thai Stocks Drop 9.38 Pts on Profit-Taking, Q2 Budget Worries

MGR Online•Economy•6d ago

Reader Briefing

Thai stock market experienced a decline due to profit-taking following the easing of Middle East tensions and concerns over Q2 earnings.

•The SET index closed at 1,507.53 points, down 9.38 points (-0.62%).
•Trading turnover was 81,704.48 million baht.
•Energy, petrochemical, and banking sectors faced selling pressure, while retail, tourism, and finance saw buying interest.
•Investors are adjusting portfolios after a strong Q1 earnings season, with concerns about potential impacts on Q2 due to regional conflicts.
•The market is expected to trade sideways with support at 1,500 points and resistance at 1,540 points.

•Today, the SET index closed at 1,507.53 points, a decrease of 9.38 points (-0.62%).
•The trading turnover for the day was 81,704.48 million baht.
•The market faced profit-taking selling pressure in the afternoon, particularly in sectors that previously benefited from Middle East conflicts.
•Selling pressure affected the energy, petrochemical, and banking sectors.
•Buying interest emerged in the retail, tourism, and finance sectors as the Middle East situation eased.
•Investors are adjusting portfolios after recognizing Q1/69 earnings results, which were generally good.
•Concerns exist that Q2/69 trends may be impacted by Middle East conflicts, risking analysts cutting profit forecasts and target prices.
•Tomorrow, the market is expected to trade sideways within a range of 1,500 to 1,540 points.

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The Stock Exchange of Thailand index.

UOB Kay Hian (Thailand) Securities(บล.ยูโอบี เคย์เฮียน (ประเทศไทย))

Securities company providing analysis of the stock market.

Gulf Energy Development Public Company Limited(GULF)ℹ️

A company with the highest trading value in the stock market today.

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

A company with high trading value in the stock market today.

Advanced Info Service Public Company Limited(ADVANC)ℹ️

A company with high trading value in the stock market today.

True Corporation Public Company Limited(TRUE)ℹ️

A company with high trading value in the stock market today.

PTT Exploration and Production Public Company Limited(PTTEP)ℹ️

A company with high trading value in the stock market today.

Kijphana Praiphaisanakit(นายกิจพณ ไพรไพศาลกิจ)

The Deputy Managing Director of Securities Analysis at UOB Kay Hian (Thailand) Securities, providing market commentary.