Market Summary

• SET closed at 1,435.77 points, down 0.83 points (-0.06%), with a trading value of 56,568.28 million baht.
• The stock market fluctuated within a narrow range, with the highest point at 1,446.52 points and the lowest point at 1,432.91 points.
• 238 securities increased, 253 decreased, and 175 remained unchanged.

Expert Analysis

Mr. Wathan Jitsomnuk, Director of Strategic Analysis at Phai Securities, stated that the Thai stock market fluctuated within a narrow range, similar to other Asian markets, as investors await the results of the Federal Reserve (Fed) meeting.

The market is expected to adjust downward tomorrow, with selling pressure anticipated after the Fed’s announcement. A 0.50% interest rate cut may not have a positive impact, as it could indicate a significant slowdown in the US economy. On the other hand, a 0.25% cut may lead to selling pressure to take short-term profits, confirming that the US economy is not slowing down significantly.

Support and Resistance Levels

The support level is 1,420 points, and the resistance level is 1,445 points.

Top 5 Securities by Trading Value

• EA: 4,790.74 million baht, closed at 9.45 baht, up 0.15 baht.
• KBANK: 3,199.78 million baht, closed at 157.00 baht, down 1.00 baht.
• BBL: 2,898.76 million baht, closed at 155.00 baht, down 3.50 baht.
• CPALL: 2,126.99 million baht, closed at 63.75 baht, down 1.50 baht.
• AOT: 2,089.85 million baht, closed at 64.25 baht, down 0.50 baht.

Source: InfoQuest News Agency (18 September 2024)

Tags: SET, SET Index, Thai stock market, Wathan Jitsomnuk, Thai stocks