Thai Stocks Up 6.73 Points: GULF-DELTA Lead on AI-Data Center, Market Slows Late

MGR Online•Economy•11d ago

Reader Briefing

Thai stock market closed with a gain, driven by large-cap stocks like GULF and DELTA benefiting from AI and data center trends, though a late-day slowdown and geopolitical concerns caused some profit-taking.

•The Thai stock market closed up 6.73 points at 1,594.79 points with a trading value of 89,750.47 million baht.
•GULF and DELTA stocks led the gains, influenced by the AI and data center investment boom.
•The market experienced a slowdown in the afternoon session due to profit-taking after reaching the 1,600-point level.
•Lingering concerns over the Middle East situation, particularly US-Iran peace talks, also impacted sentiment.

Overview

•Today, the Thai stock market closed at 1,594.79 points, an increase of 6.73 points (+0.42%).
•The trading value for the day was 89,750.47 million baht, due to increased investor activity.
•GULF and DELTA stocks saw significant buying interest, lifting the index due to AI and data center trends.
•The Thai market moved against other Asian markets, indicating strong domestic buying support.
•On the day, 219 stocks increased in value, 264 decreased, and 176 remained unchanged.
•A slowdown was observed in the late afternoon session due to profit-taking efforts after the SET index surpassed 1,600 points.
•Uncertainty surrounding the Middle East situation, influenced by unclear US-Iran peace talks, contributed to market caution.
•The market is expected to consolidate or experience a slight pullback tomorrow after the recent rise, with resistance at 1,600-1,610 points and support at 1,580 points.

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Key Entities

Organization

GULF

A major company whose stock experienced significant buying and contributed to the Thai stock market's rise, benefiting from AI and data center trends.

DELTA

A company among those leading the Thai stock market's gains, influenced by increased investment in data centers and AI.

Bualuang Securities(บล.บัวหลวง)

The securities firm where Chaiyaphon Nomphadukjareon serves as Managing Director, commenting on market trends.

AOT

Airports of Thailand Public Company Limited, one of the top traded stocks by value on the Thai stock exchange.

SCB

Siam Commercial Bank, a prominent bank whose stock was among the most traded by value on the Thai stock exchange.

ADVANC

Advanced Info Service Plc, a telecommunications company whose stock was among the top traded by value on the Thai stock exchange.

Person

Chaiyaphon Nomphadukjareon(ชัยพร น้อมพิทักษ์เจริญ)

Managing Director of Securities Brokerage Business at Bualuang Securities, providing analysis on the Thai stock market's performance.