Thai stocks closed up 3.75 points, outperforming regional stocks, driven by buying in GULF and energy sectors.
Thai stocks closed today, July 17, 2569, at 1,639.04 points, up 3.75 points, with a trading value of 91,803.80 million baht. Analysts believe the market remains stronger than other regions due to buying in defensive stocks and the energy sector. However, next week, investors should monitor the earnings reports of the banking sector and the situation in the Middle East, which could increase market volatility.
The Stock Exchange of Thailand (SET) index on July 17, 2569. Closed at 1,639.04 points, up 3.75 points (+0.23%), trading value 91,803.80 million baht.
Mr. Apichart Phubanjerdkul, CISA Senior Director Strategic Analysis Division, TISCO Securities It was stated that the Thai stock market fluctuated sideways, showing stronger performance than the region. Although the electronics sector experienced profit-taking following global technology stocks, there was buying interest in defensive and value stocks, particularly in the power plant sector, led by GULF, which benefited from persistently high oil prices. The banking sector also continued to perform well, but caution was advised regarding potential selling pressure ahead of the Q2/69 earnings announcements early next week.
Trends for next week (July 20-24, 2569) The market is likely to slow down due to earnings announcements from banks and the situation in the Middle East, where US President Donald Trump threatened to attack Iran if it doesn't return to negotiations, and Iran retaliated, creating risks that could de-escalate the market's volatility.
Ready for resistance at 1,650-1,660 points, support at 1,610 points.
5 securities with the highest trading value
- GULF trading value 17,527.65 million baht, closed at 67.50 baht, an increase of 4.50 baht.
- DELTA Trading value 4,728.78 million baht, closed at 300.00 baht, down 4.00 baht
- ADVANC trading value 3,717.81 million baht, closed at 379.00 baht, an increase of 4.00 baht
- PTTEP trading value 3,527.21 million baht, closed at 145.50 baht, increased 2.00 baht
- KBANK trading value 2,987.89 million baht, closing at 234.00 baht, down 1.00 baht.
refer : Infoquest News Agency
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