Morning Market Boost: SET Index Surges 10 Points as Regional Markets Rally and DELTA Energy Makes Strategic Purchases

Thailand’s stock market rose more than 10 points in the morning, following regional stock markets. Especially the Chinese and Japanese markets added more than 1%, with a strong purchase of large stocks in the energy sector and DELTA, which pushed the index up 7 points.

At 10.24 am, the SET index reached 1,474.32 points, an increase of 11.37 points (+0.78%).

Mr Sarawut Techochawalit, Senior Director of Securities Analysis at RHB Securities (Thailand), said that the Thai stock market rose more than 10 points this morning, in line with other stock markets in Asia. It is expected to respond to the results of the latest survey, Mrs Kamala Harris is ahead of Donald Trump If Harris wins the US presidential election, it is expected to be positive for the Asian region. Because there is no risk of a trade war between the US and China.

While still receiving support from DELTA stocks and the energy sector. which has improved as oil prices continue to rise from the OPEC+ group, delaying plans to increase oil production capacity for another month.

In addition, investors expect that at the meeting of the Standing Committee of the National People’s Congress (NPC) of China, there will be additional measures to stimulate the economy. Including waiting to follow Thailand’s economic stimulus measures.

Support is set at 1,460 points and resistance at 1,478 points.

By InfoQuest News Agency (05 Nov ’24)

Tags: SET , SET Index , stock market , Thai stock market , Thai stocks