Thai Stocks Surge 33 Pts to 1517, DELTA Leads Boost After MSCI Rebalance

MGR Online•Economy•17d ago

Reader Briefing

Thai stock market surged to close at 1,517.26 points, driven by DELTA, ICT, and energy stocks, as concerns over MSCI rebalancing subsided.

•The Stock Exchange of Thailand (SET) index closed at 1,517.26 points, up 33.70 points.
•The primary driver of the index's rise was the large-cap stock DELTA, which surged 10%.
•Key sectors supporting the market included ICT and energy, with companies like TRUE, ADVANC, and PTTEP showing strong performance.
•Investor sentiment improved following the easing of concerns related to the MSCI Rebalance, particularly regarding free float.

•Today, the Thai stock market closed at 1,517.26 points, an increase of 33.70 points.
•The trading value for the day was 67,660.51 million baht, with the index reaching a high of 1,521.02 and a low of 1,493.28.
•The strong recovery was primarily driven by DELTA, which saw a 10% surge due to easing concerns about the MSCI Rebalance and analyst upgrades.
•The ICT sector, led by TRUE and ADVANC, also provided positive momentum, contributing to the overall market advance.
•The energy sector, including PTTEP, experienced buying interest, further supporting the index.
•The market is currently in a phase of selective buying, with a focus on stocks having specific catalysts rather than broad-based buying.
•The index is expected to trade within a range tomorrow, with potential profit-taking after today's sharp rise.
•Key areas for accumulation include industrial estates, renewable energy, and construction, supported by new investment themes and government policies.

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Phuwadol Phusodngern

"The Thai stock market today recovered strongly, returning above 1,500 points, rebounding more than the region with quite dense trading value."

ตลาดหุ้นไทยวันนี้ฟื้นแรงกลับมายืนเหนือ 1,500 จุดได้อีกครั้ง รีบาวด์แรงกว่าภูมิภาคและมูลค่าการซื้อขายค่อนข้างหนาแน่น

Phuwadol Phusodngern

"This is a return above 1,500 points to build a new base, rather than a signal for immediate broad upside."

เป็นการกลับมายืน 1,500 จุดเพื่อสร้างฐานใหม่ มากกว่าจะเป็นสัญญาณเปิด Upside กว้างในทันที

DELTA

A prominent stock mentioned as the primary driver of the Thai stock market's surge.

Information and Communication Technology (ICT)(ICT)ℹ️

A sector that provided positive support to the Thai stock market.

An organization whose rebalancing concerns were a key factor influencing investor sentiment and market movements.

TRUE

A telecommunications company mentioned as a leading performer within the ICT sector.

ADVANC

A telecommunications company mentioned as a leading performer within the ICT sector.

PTTEP

An energy company that saw buying interest contributing to the market's rise.

MRDIYT

A company mentioned for its strong price increase due to inclusion in MSCI Small Cap and potential entry into SET50.

CPALL