Thai stocks closed up 32.05 points, boosted by the Constitutional Court's approval of the 4 billion baht loan bill.

Thai stocks closed today, July 9th, at 1,608.30 points, up 32.05 points. The rally was driven by a recovery in US tech stocks, with DELTA leading the gain. Positive factors also included the Constitutional Court's approval of the 4 billion baht loan decree, boosting buying in large-cap stocks. However, investors are advised to be cautious of profit-taking after the index surpassed 1,600 points again.

The Stock Exchange of Thailand (SET) Index on July 9 closed at 1,608.30 points, an increase of 32.05 points (+2.03%). Trading value was 79,975.90 million baht. Foreigners net bought 8,634.39 million baht, funds sold net 242.50 million baht.

Today, there were 10 securities traded in 18 big lot transactions. SGC had the highest value at 180.64 million baht, with an average price of 9.07 baht per share.

Mr. Narongdet Chanthapaisarn, Director of Securities Analysis, AIRA Securities It was stated that the Thai stock market performed quite well, outperforming the region after yesterday afternoon's decline due to concerns about the escalating conflict in the Middle East. However, last night's performance in US technology stocks did not reflect this, becoming a supporting factor as DELTA boosted the index today.

Meanwhile, today's market also received a significant boost after the Constitutional Court ruled that the 4 billion baht loan decree did not violate the Constitution, supporting an upward trend across all sectors, particularly banking, telecommunications, and retail.

Tomorrow's trend (10 July 2569) Momentum remains strong, but be cautious of profit-taking selling pressure due to the Federal Open Market Committee (FOMC) adopting a more hawkish stance, as well as the SET index rising back to 1,600 points. The forward PE ratio is near 16x, indicating a somewhat stretched valuation and making it the most expensive in the region.

Investors are advised to monitor the continuity of upcoming government budget allocations, as well as various projects aimed at boosting the economy, such as BOI (Board of Investment) initiatives and the progress of Fast Pass measures. Regarding international factors, keep an eye on US inflation figures and the increasingly easing trade war tensions. The support level is estimated at 1,595 points and the resistance level at 1,620 points.

5 securities with the highest trading value

• KTB trading value 6,167.03 million baht, closed at 40.50 baht, an increase of 1.25 baht.
• DELTA trading value 5,309.57 million baht, closed at 310.00 baht, an increase of 12.00 baht
• PTT trading value 4,988.42 million baht, closed at 37.00 baht, an increase of 0.25 baht.
• PTTEP trading value 4,715.84 million baht, closed at 139.50 baht, a decrease of 1.50 baht.
• KBANK trading value 3,850.45 million baht, closed at 230.00 baht, increased by 2.00 baht

Read news related to both Thai and international stock markets here.