Thai Stocks Up 8.45 Pts on Easing War Fears; DELTA Soars; Late Volatility Feared

MGR Online•Economy•1d ago

Reader Briefing

Thai stock market closes morning session higher driven by easing war concerns and positive regional trends, though late-session volatility is anticipated.

•The Stock Exchange of Thailand (SET) index closed the morning session up 8.45 points.
•Gains were attributed to reduced geopolitical tensions and positive regional market performance.
•DELTA stock continued its upward trend due to MSCI rebalancing, while some sectors saw profit-taking.
•Analysts warn of potential volatility in the late trading session due to portfolio adjustments and upcoming market closures.

Overview

•The Thai stock market closed the morning session at 1,577.42 points.
•The SET index increased by 8.45 points, a gain of +0.54%, with trading value around 35,111 million baht.
•The market adjusted upwards, in line with most regional markets, due to positive expectations from negotiations between the US and Iran.
•There was profit-taking in sectors benefiting from war conditions, such as energy and petrochemicals.
•DELTA stock continued to move upwards due to MSCI rebalancing, which will increase its weight based on today's closing price.
•The Stock Exchange of Thailand (SET) had previously warned investors to consider fundamental data before trading in the electronics parts sector due to overly rapid price increases.
•Analysts caution that late market trading may experience volatility due to portfolio adjustments related to MSCI Rebalance.
•The Thai stock market will be closed the following Monday, potentially leading investors to reduce stock holdings towards the end of the trading day.

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Key Quotes

Kijphana Phraiphaisalkij

"The Thai stock market performed quite well this morning, in line with most regional markets, due to positive expectations from negotiations between the US and Iran."

ตลาดหุ้นไทยเช้านี้ปรับขึ้นมาได้ค่อนข้างดี สอดคล้องกับตลาดหุ้นภูมิภาคส่วนใหญ่ จากความคาดหวังเชิงบวกต่อการเจรจาระหว่างสหรัฐฯ และอิหร่าน

Kijphana Phraiphaisalkij

"However, be cautious of potential volatility at the end of the market from portfolio adjustments according to MSCI Rebalance."

แต่ต้องระวังช่วงท้ายตลาดอาจมีความผันผวนจากการปรับพอร์ตตาม MSCI Rebalance

Key Entities

Place

Thai Stock Market(ตลาดหุ้นไทย)ℹ️

The primary venue for stock trading in Thailand.

United States(สหรัฐฯ)ℹ️

A nation involved in negotiations impacting regional market sentiment.

Iran(อิหร่าน)ℹ️

A nation involved in negotiations impacting regional market sentiment.

Organization

DELTA

A stock that experienced strong upward movement due to MSCI rebalancing.

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

Securities firm providing analysis on the Thai stock market.

MSCIℹ️

An index provider whose rebalancing actions influence stock weighting and trading.

The Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The regulatory body that issued a warning regarding the electronics parts sector.

KBANK

A bank stock with high trading value.

PTTEP

An oil and gas company stock with high trading value.

CPALL

A retail company stock with high trading value.

TRUE

A telecommunications company stock with high trading value.

Person

Mr. Kijphana Phraiphaisalkij(นายกิจพณ ไพรไพศาลกิจ)

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