Thai Stock⁣ Market⁢ Rebounds in Morning⁢ Session

InfoQuest News Agency (13 Sep ’24)

The Stock‌ Exchange of Thailand​ (SET)‌ closed the morning session at 1,428.03 points, a 0.45% increase from the previous day, with a trading value of approximately 29,494 million baht. The Thai​ stock market rebounded‍ in the morning, responding to the strengthening baht sentiment, which ⁣supported continued foreign capital inflows.​ As a result, bank stocks experienced a significant bounce.

Morning‍ Session Highlights

The morning session saw the SET⁤ index adjust within⁤ a range of ⁤1,426.25 points to 1,433.66 points. The trading value was⁢ around 29,494 million baht.

Expert Insights

Mr. Sorapon Weeramethikul, Assistant Managing Director ⁤and head ‍of⁣ the investment strategy team at Kasikorn Securities, stated that the Thai stock market rose in line with Asian markets, responding to the strengthening baht sentiment. This sentiment⁤ supported continued foreign capital inflows, leading to a surge ​in commercial banking ⁣group stocks.

Afternoon‌ Trend Expectations

The market is expected to fluctuate ⁤within​ the support range⁣ of 1,420 points and the‍ resistance level of 1,430 points in the afternoon session. Investors are advised to​ follow government policies aimed⁤ at stimulating the⁤ economy and the upcoming Federal Reserve (Fed) meeting, where a 0.25% interest rate cut is expected.

Top-Traded ⁣Securities

• EA: Trading value of ⁣2,738.79‍ million baht, closed at 7.95 baht, with a‌ 0.75 baht increase.
• KTB: Trading value of 2,240.95 million baht, closed ⁣at 20.60 baht, with a 0.10 baht increase.
• BBL: Trading value of ⁤2,114.21 million baht, closed‌ at 159.00 baht, with a 4.00 baht increase.
• SCB: Trading value of 1,544.62 million baht, closed ⁢at 113.50 baht, with a 0.50‌ baht ​increase.
• BDMS: Trading value⁣ of 1,337.85 million baht, closed at 29.75 baht, with a 0.25 baht increase.

Reported by Phacharathorn ⁤Phumikham and Sasithorn Simaporn