Thai stocks closed lower in the morning session, down 9.64 points. DELTA led the decline after OpenAI postponed its IPO and concerns arose about a Federal Reserve interest rate hike.

Thai stocks closed the morning session on September 14th at 1,594.88 points, down 9.64 points, with a trading value of 39,260 million baht. The decline was driven by selling pressure on DELTA and the electronics sector following OpenAI's postponement of its IPO, creating negative sentiment. Concerns about a possible Fed interest rate hike this week also contributed to the decline. Although buying in the banking and energy sectors provided some support, the market still fell.

The Stock Exchange of Thailand (SET) index closed this morning (September 14) at 1,594.88 points, down 9.64 points (-0.60%), with a trading value of approximately 39,260 billion baht.

In the morning session, there were 5 securities traded in 7 large block trades. DCC had the highest value at 66.68 million baht, with an average price of 1.28 baht per share.

Mr. Watan Jitsomnuk, IAA, Director of Securities Analysis at Pi Securities, said that the Thai stock market declined this morning due to selling pressure on the electronics components sector, led by DELTA, after OpenAI postponed its listing on the Stock Exchange of Thailand until later this year. This led the market to interpret the issue negatively.

Meanwhile, market concerns remain regarding the direction of interest rates, with the Federal Reserve (Fed) expected to raise rates at this week's meeting, pressuring growth stocks. However, the Thai market still sees buying interest in the banking sector, supported by rising US bond yields and a more than 3% jump in oil prices this morning, boosting energy stocks.

The afternoon trend is expected to remain in negative territory, as investment sentiment remains risky while investors await the results of the Fed meeting on Thursday morning. Support is estimated at 1,585 points and resistance at 1,605 points.

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