Thai Stocks Tomorrow: Market Trend and Analysis

Thai Stock Market Situation Today (23 September)

The Thai stock market closed today at 1,447.90 points, down 3.79 points or 0.26%, with a trading value of 50,687.49 million baht. Foreign investors bought a net of 434.81 million baht, while retail investors sold a net of 770.26 million baht.

Market Trend Tomorrow

Natchat Mekmasin, Assistant Managing Director of Trinity Securities, expects the Thai stock market trend tomorrow to continue fluctuating sideways, with a possible increase along with the direction of the regional stock market. The market will be closely watching the Fed’s outlook and the direction of the Thai baht.

Fed’s Outlook and Its Impact

Several Fed directors, including Raphael Bostic, Michelle Boeman, Adriana Kugler, Jerome Powell, John Williams, Michael Barr, and Lisa Cook, will be interviewed tonight. Their opinions may impact the USD and bond yield, causing market volatility.

Strengthening Baht and Its Effects

The strengthening of the baht, which is at its strongest level in over 19 months, will affect the export and tourism sectors. Exporters will receive less money due to the baht’s appreciation, while foreign tourists will have to pay more to travel to Thailand.

Stocks Least Affected by Baht Strengthening

Stocks in the retail sector, such as CPALL and CPN, and hospital stocks like BH and BCH, are expected to be least affected by the strengthening of the baht. Export stocks, on the other hand, have weakened during this period.

Support and Resistance Levels

The support level tomorrow is expected to be 1,430 points, while the resistance level will be 1,460 points.