SET Index Rebounds, Approaching 1,600-Mark After Support from Large-Cap Stocks

published 18 h ago · en · source ↗

Affected tickers

ADVANC DELTA GLOBAL GULF OR SCB TOP TRUE

Per-ticker News Sentiment Indicator

ADVANCother · positive · med
ADVANC shares rose 3.68% as part of a broader market rebound driven by significant buying in large-cap stocks following previous selling pressure.
DELTAother · positive · med
DELTA experienced significant buying as investors engaged in buying back equities following the MSCI Index portfolio adjustment, contributing to the stock's price increase.
GLOBALmacro · positive · low
The SET Index is rebounding due to broad market buying and positive sentiment, which generally supports the performance of large-cap stocks like GLOBAL.
GULFother · positive · med
GULF experienced significant buying interest as investors engaged in a rebound following previous selling pressure, leading to a 6.05% increase in the stock price.
ORmacro · positive · med
Energy stocks gained due to an upswing in global oil prices, which provides a positive tailwind for OR as an energy-related company.
SCBmacro · positive · med
SCB experienced a price increase as part of a broader market rebound driven by buying in large-cap banking groups following previous MSCI portfolio adjustment selling pressure.
TOPmacro · positive · med
Energy stocks, including TOP, are benefiting from an upswing in global oil prices driven by geopolitical uncertainty regarding U.S. and Iran peace negotiations.
TRUEother · positive · med
TRUE shares rose by 2.90% as part of a broader market rebound driven by significant buying in large-cap stocks.

Article body

On Tuesday, Thailand’s SET Index closed the morning trading session at 1,593.34 points, showing an increase of 24.97 points or 1.59%, with a trading value of THB 60.68 billion. According to Bualuang Securities (BLS), the Thai stock market saw a strong rebound in the morning session, driven by significant buying in large-cap stocks, particularly GULF, DELTA, and banking groups. These purchases supported the index, with the move likely a result of investors buying back equities after strong selling pressure at the end of trading last Friday due to the MSCI Index portfolio adjustment. At the same time, energy stocks with exposure to oil prices also experienced gains, following an upswing in global oil prices, attributed to the prevailing uncertainty surrounding the ongoing peace negotiations between the U.S. and Iran. The rally in energy stocks provided further support to the Thai stock index, enabling it to advance in contrast to most other Asian stock markets, which saw declines this morning after broad gains in the previous session. Looking ahead, Bualuang forecasts that the Thai bourse will likely continue to trend positively in the afternoon, with the potential to test the initial resistance at 1,600 points and a support level at 1,580 points. The top five stocks by trading value were as follows: GULF: trading value of THB 7.24 billion, closing at THB 65.75, up THB 3.75 or 6.05% ADVANC: trading value of THB 3.84 billion, closing at THB 366.00, up THB 13.00 or 3.68% DELTA: trading value of THB 3.71 billion, closing at THB 357.00, up THB 4.00 or 1.13% TRUE: trading value of THB 3.23 billion, closing at THB 14.20, up THB 0.40 or 2.90% SCB: trading value of THB 3.11 billion, closing at THB 137.50, up THB 3.00 or 2.23%