IRPC Public Company LimitedRising oil prices amid Middle East tensions boost petrochemical stocks, with IRPC mentioned as a beneficiary of rotation.
The Thai stock market closed down 14 points with heavy trading value exceeding one hundred billion baht, as profit-taking in banking stocks was the main drag after their prices had previously risen prominently. Other large-cap sectors such as telecommunications, commerce, and transport were also sold off in sympathy. During the day, however, the index dipped to a low around 1,632 points before partially recovering, reflecting that funds have not entirely flowed out of the market but are rotating into petrochemical and commodity stocks. Leading the rotation were PTTGC, IRPC, IVL, SCC, and PTTEP, which were supported by rising oil prices amid tensions in the Middle East. The investment strategy team at Bualuang Securities sees an increasing chance of funds rotating back into commodity plays, especially petrochemicals, and has started to overweight these stocks as both a tactical trade and a hedge against Middle East uncertainty. They assess support at 1,620 points and resistance at 1,680 points for tomorrow.
IRPC Public Company LimitedRising oil prices amid Middle East tensions boost petrochemical stocks, with IRPC mentioned as a beneficiary of rotation.
PTT Exploration and Production Public Company LimitedRising oil prices amid Middle East tensions support PTTEP as a commodity stock in the rotation.
Indorama Ventures PCLRising oil prices amid Middle East tensions boost petrochemical stocks, with IVL mentioned as a beneficiary of rotation.
PTT Global Chemical Public Company LimitedRising oil prices amid Middle East tensions boost petrochemical stocks, with PTTGC mentioned as a beneficiary of rotation.
The Siam Cement Public Company LimitedRising oil prices amid Middle East tensions boost petrochemical stocks, with SCC mentioned as a beneficiary of rotation.