SET Index Plunges 28 Points in Early Morning Trade, Hit by Negative External Factors, DELTA and IVL Drag

Price Action

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The SET Index tumbled more than 28 points in early morning trade, touching 1,596.35 points, down 28.12 points or 1.73 percent as of 10:10 a.m. Selling pressure on DELTA and electronics stocks, along with pressure from anti-commodity plays such as IVL and PTTGC, weighed on the market. Mr. Natthaphon Khamthakhruea, Assistant Managing Director of the Securities Analysis Department at Yuanta Securities Thailand, said the Thai stock market fell sharply this morning, with support seen at 1,600 points and resistance at 1,625 points.