SET Index Tracks Regional Gains as Softer US Inflation Data Spurs Momentum

published 1 d ago · en · source ↗

Affected tickers

Per-ticker News Sentiment Indicator

ADVANCmacro · neutral · med
The article discusses general market movements driven by U.S. inflation data, noting that ADVANC shares declined despite the broader SET Index showing positive momentum.
GULFmacro · positive · med
The SET Index is rising due to softer U.S. inflation data, which has provided positive momentum for GULF and other major stocks in the Thai market.
ORmacro · positive · med
The Thai stock market is experiencing positive momentum driven by lower-than-expected U.S. inflation data, which supports risk assets like OR.
PTTmacro · positive · med
The Thai stock market is benefiting from positive momentum driven by lower-than-expected U.S. inflation data, which supports risk assets like PTT.
SCBmacro · neutral · med
The article discusses broader market trends driven by U.S. inflation data, noting that SCB experienced a price decline despite the overall positive momentum of the SET Index.
TOPmacro · positive · med
The broader market sentiment is buoyed by lower-than-expected U.S. inflation data, which has provided positive momentum for Thai equities including TOP.

Article body

On Wednesday, Thailand’s SET Index closed the morning trading session at 1,635.38 points, showing an increase of 9.35 points or 0.58%, with a trading value of THB 49.91 billion. Krungsri Securities (KSS) noted that the Thai stock market opened this morning with positive momentum from overseas markets, following the release of U.S. inflation data for June, which came in lower than expected. Although the Federal Reserve continued to express concerns about persistently high inflation, the current decline in U.S. government bond yields and the weakening of the U.S. dollar are providing support for risk assets. For the afternoon session, Krungsri expects the Thai stock market to continue trending upward if it can surpass the 1,640-point level. The resistance is seen at 1,660 points, with support at 1,620 points. The five highest trading value stocks were as follows: PTT: trading value at THB 4.33 billion, closing at THB 38.50, up THB 0.25 or 0.65% GULF: trading value at THB 2.81 billion, closing at THB 64.00, up THB 0.75 or 1.19% SCB: trading value at THB 2.54 billion, closing at THB 155.50, down THB 1.50 or 0.96% ADVANC: trading value at THB 2.51 billion, closing at THB 378.00, down THB 4.00 or 1.05% TOP: trading value at THB 2.34 billion, closing at THB 54.75, up THB 3.50 or 6.83%