Thai stocks in the morning closed down 17.52 points, falling below 1,200 points, with profit-taking pressure from LTFs weighing on the market and poor Q1/68 results.

Thai stocks in the morning of May 15 closed at 1,199.19 points, down 17.52 points, with a trading value of 24,315 million baht, adjusting down in line with the region, with profit-taking after the index rose in response to the easing of the trade war situation. In addition, the Thai stock market was pressured by concerns about selling pressure on LTF funds, as well as the disclosure of poor performance results of some listed companies.

The Stock Exchange of Thailand ( SET ) index closed the morning session today, May 15th, at 1,199.19 points, down 17.52 points (-1.44%), with a trading value of approximately 24,315 million baht.

This morning, there was trading of 3 securities on the big board (BIG LOT), 3 items, CPALL was found to have a high value of 33.68 million baht, average price of 51.25 baht per share.

Mr. Thanomsak Saharatachai, Assistant Managing Director and Head of Research at Krung Thai Xspring Securities, stated that the Thai stock market index declined this morning in line with the region, due to profit-taking after the rally in response to the easing of the trade war situation. Furthermore, the Thai stock market was pressured by concerns over selling pressure from domestic funds. Today, selling pressure from institutional investors, particularly those holding LTF units who are not shifting their investments to the Thai ESGX fund, began to reappear.

In addition, the index was also pressured by the disclosure of the operating results of some listed companies whose financial statements were not very good. However, there are still positive factors from the improved global trade signals, including the disclosure of Thailand's GDP in the first quarter of 1, which is expected to be good.

The afternoon trend is expected to adjust downward, with a resistance range of 1,205 – 1,212 points and a support range of 1,187 – 1,194 points.

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