Thai Stock Market Gains Ground as SET Rises 8.36 Points

Bangkok: Thai stocks closed the morning session up 8.36 points. The Stock Exchange of Thailand (SET) closed this morning at 1,286.41 points, an increase of 8.36 (+0.65%), with a trading value of approximately 25.782 billion baht.

According to Thai News Agency, analysts predicted strong gains for the Thai stock market this morning, led by DELTA and PTT. Semiconductor manufacturers benefited from positive factors, with Oracle shares surging. There’s also a high chance the Fed will cut interest rates following lower-than-expected US PPI figures. CPI data is expected to continue tonight. The afternoon outlook suggests further gains, but upside is limited. Be wary of profit-taking. Resistance levels are at 1,290 and 1,300 points, with support at 1,282-1,278 points.