Morning Market Replace: Thai Inventory Change Exhibits Stability Amid Revenue-Taking Strain

SET closed this morning at 1,339.06 factors, a rise of 1.23 factors (+0.09%), buying and selling worth of roughly 19,884 million baht It revealed that the Thai inventory market moved within the morning inside a restricted vary. Settle for the strain of shopping for and promoting to make a revenue after the inventory worth has risen rather a lot, equivalent to within the banking sector, the place political points started to stabilize after having the Prime Minister. New persons are forming the Cupboard workforce whereas the market is ready for the Fed Chairman’s speech to point the route of rates of interest as anticipated or not. The afternoon pattern is predicted to weaken with the primary assist degree at 1,333 factors, subsequent at 1,325 factors, and the resistance ranges at 1,340 and 1,345 factors.

The Inventory Change closed the morning session at 1,339.06 factors, a rise of 1.23 factors (+0.09%), buying and selling worth of roughly 19,884 million baht.

Morning buying and selling The index is transferring in optimistic and unfavorable territory inside a slim vary. The best degree was 1,343.35 factors and the bottom degree was 1,334.79 factors.

Mr mentioned. Narongdet Chanthapaisarn, Director of Securities Evaluation at AIRA Securities, that the route of motion of the Thai inventory market this morning is inside a restricted vary. There’s alternating shopping for and promoting strain. Together with particular person inventory performs There’s sturdy promoting strain on the banking group to make a revenue after the value has risen considerably. Furthermore, the market has been on its ft for a number of days after the brand new Prime Minister was appointed. And the formation of the brand new authorities workforce has progressed to a sure degree. Inflicting the market to shrink and grow to be depressed.

In the meantime, traders all over the world are ready to observe the annual assembly of the Federal Reserve (Fed) in Jackson Gap, with Jerome Powell, the chairman of the Fed, scheduled to ship a speech on August 23, though the market is already conscious of the chance for the Fed to chop rates of interest in September, however we should wait to see if it will likely be as anticipated or not.

The pattern within the afternoon is probably going that the market will transfer just like the morning, exhibiting indicators of a fall. It’s a short-term correction, so the primary assist degree is 1,333 factors, the subsequent is 1,325 factors, and the resistance ranges are 1,340 and 1,345 factors.

As for the securities with the best buying and selling worth, 5 securities

The buying and selling worth of EA decreased by 1,176.34 million baht, closing at 5.85 baht, down 0.10 baht.

PTT buying and selling worth 1,169.98 million baht, closed at 34.50 baht, a rise of 0.25 baht.

KBANK buying and selling worth 889.34 million baht, closed at 140.00 baht, worth unchanged.

BDMS buying and selling worth 707.23 million baht, closed at 28.00 baht, worth unchanged.

The buying and selling worth of CPALL fell by 702.69 million baht, closing at 58.50 baht, down 0.75 baht.

By InfoQuest Information Company (22 August 2024)

Tags: SET , inventory market , Thai inventory market , Thai shares