Thai stocks closed down 13.90 baht after Fitch downgraded PTT and PTTEP, dragging down the index in line with the region.

Thai stocks closed today, September 30, at 1,274.17 points, down 13.90 points, with a trading value of 49,548 billion baht. Profit-taking was seen in PTT, PTTEP, and DELTA, major stocks that were under pressure from Fitch downgrading their credit rating outlooks. PTT and PTTEP used this as an opportunity to sell after the index rose to 270 points. Internationally, there was selling pressure on US tech stocks, with global stock portfolios also being adjusted.

The Stock Exchange of Thailand (SET) index closed at 1,274.17 points on September 30, down 13.90 points (-1.08%), with a trading value of 49,548.34 million baht. Foreign investors were net sellers of 3,776.54 million baht, and mutual funds were net buyers of 759.17 million baht.

Today, there were 23 securities traded on the big board (BIG LOT) with 34 items. BBL was found to have the highest value at 1,040.65 million baht, with an average price of 145.37 baht per share.

Mr. Kittiphon Praipaisankit, Assistant Managing Director of Securities Analysis, UOB Kay Hian Securities (Thailand) He said the Thai stock market today declined in line with the region, with profit-taking pressure on PTT, PTTEP, and major stocks like DELTA, which were pressured by Fitch's downgrade of the credit outlooks for PTT and PTTEP today and the banking sector yesterday. However, the downgrade is not a sign of poor performance for listed companies, but rather a downgrade in line with the country's deteriorating credit profile. However, the downgrade is due to the company's inability to maintain a credit profile above the country's, not due to poor performance. He added that this is not a cause for concern.

Regarding international factors, global stock markets are adjusting portfolios, with selling pressure on US tech stocks after their significant gains, putting pressure on the overall picture. Meanwhile, a period of falling interest rates has seen many businesses recover. Domestically, the SET Index, which has risen 270 points and remains unchanged, is likely to consolidate following Fitch's downgrade of the bank and energy sectors' credit outlooks, which could be used as an opportunity for profit-taking.

Tomorrow's trend (1 Oct. '2568) It is likely to slow down as the period for the announcement of listed company earnings approaches. We should also monitor Thai exports in September, which are expected to grow less than in August and be negative in October. Ready to provide resistance at 1,278 points, support at 1,250 and 1,220 points.

5 securities with the highest trading value

• DELTA Trading value 5,804.32 million baht, closed at 158.50 baht, down 3.00 baht
• TURBO trading value 3,424.67 million baht, closed at 1.89 baht, increased 0.39 baht.
• KTB trading value 2,713.02 million baht, closed at 24.80 baht, decreased 0.45 baht.
• PTT trading value 2,027.67 million baht, closed at 33.25 baht, decreased 0.50 baht.
• ADVANC trading value 1,952.34 million baht, closed at 291.00 baht, decreased 2.00 baht.

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