On Monday at 10:34 AM (Bangkok time), the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) rose by 3.61% or THB 0.30 to THB 8.60, with a trading value of THB 434.65 million.
Yuanta Securities (Thailand) noted that the surge in CCET’s stock price was driven by speculative buying, with the anticipation for the stock to be included in the SET50 index during the upcoming index rebalance. If this materializes, it would be CCET’s debut in the SET50 index, with market participants likening its potential to become the new DELTA, fueling ongoing speculation.
In addition, the positive momentum in CCET was further bolstered by the drop in the 10-year US bond yield, lifting North Asia markets earlier in the day, particularly benefiting electronic components and technology stocks.
On the other hand, CGS International (Thailand) (CGSI) forecasted the potential additions and removals of stocks in the SET50 and SET100 indices for the first half of 2025, based on trading activities observed on November 29, 2024.
The analyst projected that in the SET50 index, BANPU, SAWAD, COM7, and CCET would likely be added, with BCP, CENTEL, EA, and TIDLOR expected to be removed. In the SET100 index, the inclusion of CCET, JTS, PR9, and COCOCO was anticipated, while the removal of MBK, RBF, TIPH, and TOA was predicted.
CGSI anticipated that the Stock Exchange of Thailand (SET) would reveal the rebalancing details between December 13-18, 2024, with adjustments set to take place from January 1 to June 30, 2025.
