SET Index falls below 1,600 points on heavy selling of DELTA and large-cap stocks

Price ActionCommodity Impact 4
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Summary · why it matters

The Thai stock market fell sharply, with the SET Index dropping below the 1,600-point level today, 30 July 2029. The main drag came from DELTA, whose heavy price decline alone knocked more than 10 points off the index, along with selling pressure across large-cap stocks. Analysts at Bualuang Securities noted that a global sell-off in chip and AI hardware stocks, especially in South Korea where the KOSPI index plunged more than 12% intraday and triggered a circuit breaker for the second straight day, warrants caution on Thai electronics names such as DELTA, CCET, HANA, and KCE. The research team therefore decided to cut losses on DELTA in its SET100 Smart Tactical portfolio for now. Meanwhile, global oil prices surged more than 7% on Middle East tensions, a positive for upstream energy stocks like PTTEP and PTT, but a headwind for cost-sensitive sectors such as tourism, transport, and retail. The near-term investment strategy favours large-cap stocks based on foreign fund flows and speculative sector rotation plays.

Impact on stocks 6

Semiconductors▼ · 2 stocks
Electrification & Mobility▼ · 1 stocks
Energy▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
PTT Public Company Limited
PTT
▲ PositiveGeopoliticsrelevance

Global oil prices surged more than 7% on Middle East tensions, positive for upstream energy stocks like PTT.

Robotics & Physical AI▼ · 1 stocks
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