The SET closed at 1,623.64 points, up 25.53 points (+1.60%), with a trading value of 89,032.00 million baht. Analysts revealed that the Thai stock market rebounded today in line with overseas markets, supported by buying interest in large-cap stocks — particularly DELTA — which provided a boost to the index. A U.S. Core PCE reading that came in below market expectations also helped ease concerns over the Federal Reserve's monetary policy, while a pullback in bond yields lent further support to equities. The outlook for next week is expected to remain volatile, with resistance seen at 1,650 points and support at 1,610 points.
Trading today moved in positive territory throughout the entire session, reaching an intraday high of 1,628.96 points and an intraday low of 1,610.59 points.
In terms of securities movement for the day, 339 securities advanced, 109 declined, and 208 were unchanged.
Mr. Soraphon Weeramethikul, Assistant Managing Director and Head of Investment Strategy at Kasikorn Securities, said that the Thai stock market rebounded today in tandem with overseas markets, which likewise bounced back. The key supporting factors for today's market came from DELTA shares and other electronics components stocks, where buying interest returned to lift the index, along with a return of buying in major stocks across the banking, power generation, and retail sectors, among others. This allowed the Thai stock market to move higher and reclaim the 1,600-point level.
He added that overnight in the United States, the Core PCE index came in below market expectations, serving as a positive factor for the U.S. inflation outlook given that it showed no sign of accelerating rapidly. This helped reduce concerns over tighter monetary policy by the U.S. Federal Reserve (the Fed), and caused U.S. bond yields to pull back, providing support for equities.
The outlook for next week is expected to remain volatile. Ongoing developments in Middle East tensions will continue to warrant monitoring, alongside the sequential release of earnings results from U.S. technology-sector stocks, as well as earnings reports from listed companies domestically. Resistance is placed at 1,650 points, with support at 1,610 points.
