The Thai stock market experienced a downturn today, closing at 1,354.34 points, a decline of 13.65 points (-1.00%), with a total trading value of 42,966.31 million baht. This drop aligns with broader trends in Asian markets, driven by external pressures and internal market dynamics.
According to Mr. Chaiphon Nomphitakcharoen, Managing Director of the Securities Trading Division at Bualuang Securities, the decline was influenced by the Federal Reserve (Fed) signaling only one potential interest rate cut this year. This prediction has led to rising bond yields in the United states, creating a ripple effect on global markets, including Thailand.
Domestically, the market saw notable selling pressure on large-cap stocks, particularly DELTA, which fell by 8.00 baht to close at 148.50 baht. Tourism-related stocks also faced challenges due to concerns over delayed travel plans by chinese tourists during the upcoming chinese New Year. Safety concerns have reportedly caused hesitation among travelers, further weighing on the index.
Looking ahead, the market is expected to move sideways, with investors closely monitoring the gradual release of operating results from the banking sector. Key levels to watch include a resistance level of 1,360 points and a support level of 1,345 points.
Top 5 Securities by Trading Value
| Stock | Trading Value (million Baht) | Closing Price (Baht) | Change (Baht) |
|———–|———————————-|————————–|——————-|
| DELTA | 3,313.71 | 148.50 | -8.00 |
| KBANK | 2,231.55 | 162.00 | +2.50 |
| PTTEP | 2,169.34 | 127.00 | +2.50 |
| AOT | 2,114.34 | 56.50 | -1.75 |
| GULF | 1,875.59 | 58.00 | -0.50 |
While DELTA,AOT,and GULF saw declines,KBANK and PTTEP managed to post gains,reflecting a mixed performance across sectors.
For more detailed insights into Thailand’s stock market trends, visit Investing.com or explore the latest data on the SET50 Index at Trading Economics.
Stay tuned for further updates as the market navigates these challenging conditions.
