Thai Stock Exchange Experiences Modest Morning Gain

Bangkok: Thai stocks closed the morning session up 4.60 points. The Stock Exchange of Thailand ended this morning at 1,415.04 points, marking an increase of 4.60 points (+0.33%), with a trading value of approximately 35,236 million baht.

According to Thai News Agency, analysts noted that the Thai stock market exhibited volatility and signs of selling pressure following a strong rally. This rally was in response to the election results and the anticipated formation of a stable new government. However, there are concerns that the government formation might not proceed as expected, which could lead to a downward correction in the market.

Despite these concerns, buying support from major stocks such as GULF, TRUE, and DELTA contributed to stabilizing the index today. Looking ahead to the afternoon session, the market trend is expected to remain sideways, with support anticipated at 1,405 points and resistance around 1,420 points.