The SET index fell more than 10 points in early morning trade, bucking the regional trend. As of 10:10 a.m., it stood at 1,642.92 points, down 10.05 points or 0.61%, pressured by selling in banking and power plant stocks after some major banks reported lower-than-expected net profits for the second quarter of 2026. Meanwhile, foreign capital flowed out of Thai equities back into recovering technology stocks abroad. Mr. Wathan Jitsomnuek, Director of Securities Analysis at Pi Securities, said the Thai stock market took a breather this morning after a strong rally driven by foreign inflows. Bank earnings were unimpressive, especially Bangkok Bank and Siam Commercial Bank, where profits slowed, but their share prices had risen earlier, prompting profit-taking. Additionally, ongoing uncertainty in the Middle East and signals of a new round of import tariffs from U.S. President Donald Trump continued to weigh on investment sentiment. Support is seen at 1,635 points and resistance at 1,650 points.
Bangkok Bank PCLBangkok Bank reported lower-than-expected net profit for Q2 2026, leading to profit-taking.
SCB X Public Company LimitedSiam Commercial Bank (SCB X) reported lower-than-expected net profit for Q2 2026, leading to profit-taking.