# KGI Highlights SET50 Index Adjustments Following DELTA’s Market Value Cap at 10%

- Link: https://www.thailand-business-news.com/markets/193098-kgi-highlights-set50-index-adjustments-following-deltas-market-value-cap-at-10
- Published: 2025-02-06T07:19:00+07:00
- Author: Abhishek Prakash

**KGI Securities analyzed DELTA’s impact on the SET50 Index. A 26% market cap reduction
to align DELTA at 10% could alter the index by 3%, contingent on various factors.**

**KGI Securities noted that such a shift might prompt portfolio adjustments among
institutional investors, potentially influencing the overall market sentiment. Additionally,
the rebalancing could affect related stocks within the SET50 Index, leading to fluctuations
in trading volumes and valuations. Market participants are advised to monitor developments
closely, as external factors and investor behavior will play a critical role in 
determining the actual impact.**

ADVERTISEMENT

## DELTA’s Market Influence

As the largest stock by market capitalization on the Thai stock exchange, DELTA’s
price fluctuations can indicate market volatility. This has led KGI Securities to
analyze its impact. They provide a preliminary analysis focused on DELTA’s market
cap’s effect on the SET50 Index. As of February 4, DELTA’s market capitalization
was approximately 1.534 trillion baht, representing about 13% of the SET50 Index.

### Related**Posts**

###  󠀁[Asian stocks retreat as oil rises above $100 and investors reassess global rate risks](https://www.thailand-business-news.com/markets/333019-asian-stocks-retreat-as-oil-rises-above-100-and-investors-reassess-global-rate-risks)󠁿

###  󠀁[Asian markets hold up despite bond rout as US yields enter a structurally higher regime](https://www.thailand-business-news.com/markets/332037-asian-markets-hold-up-despite-bond-rout-as-us-yields-enter-a-structurally-higher-regime)󠁿

###  󠀁[Local Influences and Return Chasing: Entering a New Era in Emerging Equity Markets](https://www.thailand-business-news.com/markets/329573-local-influences-and-return-chasing-entering-a-new-era-in-emerging-equity-markets)󠁿

###  󠀁[Thailand faces a fresh LNG squeeze as Hormuz crisis pushes prices toward US$28/MMBtu](https://www.thailand-business-news.com/markets/commodities/330458-thailand-faces-a-fresh-lng-squeeze-as-hormuz-crisis-pushes-prices-toward-us28-mmbtu)󠁿

## Potential Adjustments and Implications

To adjust DELTA’s market cap to exactly 10% of the SET50, it would need a 26% reduction
to THB 1.141 trillion, assuming other market caps remain stable. This could potentially
impact the SET50 Index by around 3% before any capped weight adjustments. However,
KGI highlights that various factors, such as investor portfolio adjustments and 
mutual fund features, could influence the real impact, so a 26% share price drop
isn’t necessarily required.