Thai Electronic Component Stocks Trend Upward after Easing Tension in Mideast Boosts Wall Street

On Wednesday at 11:34 AM (Bangkok time), the share price of Cal-Comp Electronics (Thailand) Public Co., Ltd. (SET: CCET) jumped by 5.10% or THB 0.20 to THB 4.12, with a trading value of THB 259.70 million.

Delta Electronics (Thailand) Public Company Limited (SET: DELTA) rose by 1.86% or THB 2.00 to THB 109.50, with a trading value of THB 775.11 million.

Hana Microelectronics Public Company Limited (SET: HANA) climbed by 0.60% or THB 0.25 to THB 41.75, with a trading value of THB 328.38 million.

 

DAOL Securities (Thailand) has observed a surge in positive sentiment towards Thai electronic component stocks, influenced by recent gains in the NASDAQ Composite. The uptick in the US markets followed signs of easing tensions in the Middle East, particularly as Hezbollah expressed openness to negotiate a ceasefire agreement with Israel, prompting investors to gravitate back towards technology stocks.

Additionally, speculative purchasing ahead of the third-quarter 2024 performance announcements from tech companies further fueled the rally in Wall Street, contributing positively to the momentum of Thai electronic component stocks.