Thai Stock Market Drops Amid Selling Pressure and Global Uncertainty
The Thai stock market closed lower today, with the SET Index dropping 11.93 points (-0.88%) to settle at 1,340.63 points. Trading value reached 37,576.54 million baht, reflecting a volatile session marked by sharp declines in the afternoon. The index fluctuated between a high of 1,356.33 points and a low of 1,338.84 points, as investors grappled with domestic and international uncertainties.
Selling Pressure Hits Banking Stocks
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analysts attributed the decline to notable selling pressure,particularly in the banking sector. Mr. Thanomsak Saharatchai, assistant Managing Director and Head of Research at krungthai Xspring securities, noted that “the Thai stock market dropped today due to selling of large stocks, especially in the banking group, following TISCO’s reported slowdown in operating results.” This, coupled with investor concerns over domestic factors, contributed to the downward trend.
The broader market sentiment was also influenced by global developments. Investors are bracing for a policy statement from U.S.President-elect Donald Trump, scheduled for early next week. The uncertainty surrounding his announcement has prompted many to reduce risk, further pressuring the index.
Mixed Performance Across Asia
While the Thai market faced headwinds, other Asian markets showed mixed performance. Some indices edged higher, while others mirrored the SET’s decline. This divergence highlights the region’s sensitivity to both local and global economic cues.
Key Levels to Watch
Looking ahead, analysts expect the SET Index to remain volatile. Resistance levels are projected at 1,350-1,360 points, with support at 1,320-1,330 points. Investors are advised to monitor these levels closely,as they could signal potential market movements in the coming days.
Top Traded Securities
Today’s trading session saw significant activity in several key stocks. Below is a summary of the top five securities by trading value:
| Security | Trading Value (Million Baht) | Closing Price (Baht) | Change (Baht) |
|————–|———————————-|————————–|——————-|
| DELTA | 2,305.32 | 138.50 | 0.00 |
| ADVANC | 1,987.98 | 284.00 | -6.00 |
| CPALL | 1,948.32 | 55.50 | -0.50 |
| KBANK | 1,555.78 | 161.00 | -0.50 |
| GULF | 1,439.17 | 59.50 | -1.00 |
What’s Next?
The market’s trajectory next week will largely depend on the outcome of Donald Trump’s policy announcement.Investors are advised to stay cautious and keep an eye on both domestic developments and global trends.For more insights into the Thailand SET Index, visit our extensive guide.
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By Jirayut Chansongsakul and Ratchada Kongkhunthian
Thai Stock Market Faces Volatility: Expert Insights on Selling Pressure and Global Uncertainty
The Thai stock market experienced a turbulent session today,with the SET Index dropping 11.93 points (-0.88%) to close at 1,340.63 points. Trading value reached 37,576.54 million baht, reflecting heightened volatility driven by domestic and global uncertainties. To shed light on the factors behind this decline, we sat down with Dr.Pimchanok Vorapongse, a renowned financial analyst and expert on Southeast Asian markets, to discuss the implications of selling pressure, global developments, and what investors should watch for in the coming days.
Understanding Today’s Market Decline
Senior Editor: dr. Pimchanok, thank you for joining us today. The SET Index dropped significantly, with selling pressure particularly evident in the banking sector.What do you think drove this decline?
Dr. Pimchanok: Thank you for having me. today’s decline can be attributed to a combination of domestic and global factors. Domestically, the banking sector faced notable selling pressure, particularly after TISCO reported a slowdown in its operating results.This triggered concerns among investors about the broader financial sector’s performance. Additionally, global uncertainty, especially around U.S. policy announcements, has made investors more risk-averse, leading to a pullback in equities.
The Role of Global Uncertainty
Senior Editor: You mentioned global uncertainty. How much of an impact do you think international developments, such as the upcoming U.S. policy declaration, are having on the Thai market?
Dr. Pimchanok: Global developments play a significant role, especially in a market like Thailand, which is sensitive to external cues. Investors are closely watching the U.S. policy announcement,as it could have far-reaching implications for trade,interest rates,and global market sentiment. The uncertainty surrounding this announcement has led many investors to reduce their exposure to riskier assets, including emerging market equities like Thailand’s. This has added to the downward pressure on the SET Index.
Mixed Performance Across Asian Markets
Senior Editor: While the Thai market declined, other Asian markets showed mixed performance. Why do you think ther’s such divergence in the region?
Dr. Pimchanok: the divergence in Asian markets reflects the varying degrees of exposure to global and local factors. Some markets, like Japan and South Korea, are more influenced by global trade dynamics and U.S. policy,while others,such as India and Indonesia,are driven more by domestic economic conditions. Thailand, being a smaller and more open economy, tends to be more sensitive to global developments, which explains why it’s underperforming compared to some of its regional peers.
Key Levels to Watch in the SET Index
senior Editor: Looking ahead, what key levels should investors monitor in the SET Index, and what do these levels indicate?
Dr. Pimchanok: Investors should keep an eye on the resistance levels around 1,350-1,360 points and support levels at 1,320-1,330 points. These levels are critical because thay can signal potential market movements. If the index breaks below the support level, it could indicate further downside, while a move above resistance could suggest a recovery. Given the current volatility, these levels will be crucial in determining the market’s short-term direction.
Top traded Securities and Their Implications
Senior Editor: Today’s trading session saw significant activity in several key stocks, such as DELTA, ADVANC, and CPALL. What do these movements tell us about investor sentiment?
Dr. Pimchanok: The activity in these stocks reflects a mix of defensive and speculative trading. Such as, DELTA, which saw no change in price, is often seen as a stable, long-term investment. Conversely, ADVANC and CPALL, which declined, are more sensitive to market sentiment and economic conditions. The trading patterns suggest that investors are balancing their portfolios, reducing exposure to riskier stocks while maintaining positions in more stable ones.
What’s Next for the Thai Stock Market?
Senior Editor: what should investors expect in the coming days, and what advice would you give them?
Dr.Pimchanok: The market is likely to remain volatile in the near term, especially with the U.S. policy announcement on the horizon. Investors should stay cautious and focus on quality stocks with strong fundamentals. It’s also critically important to monitor both domestic developments, such as corporate earnings and economic data, and global trends, including U.S. policy and geopolitical events. Diversification and a long-term perspective will be key to navigating this uncertain surroundings.
Senior Editor: thank you, Dr. Pimchanok, for your valuable insights. It’s clear that the Thai stock market is at a critical juncture, and your analysis provides a roadmap for investors to navigate these challenging times.
Dr.Pimchanok: Thank you for having me. I hope this discussion helps investors make informed decisions in the weeks ahead.
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