Thai Inventory Market Marks Fifth Consecutive Achieve Amid Financial Optimism and Anticipated Fed Charge Cuts

InfoQuest Information Company (22 Aug ’24)

SET closed in the present day at 1,341.03 factors, a rise of three.20 factors (+0.24%), buying and selling worth 38,479.88 million baht Revealed that the Thai inventory market rebounded in the present day for the fifth consecutive day attributable to buying energy from the retail sector anticipating measures to distribute cash to stimulate the economic system. together with sturdy buying energy in vitality and transport teams Within the meantime, it’s anticipated that the Fed will cut back rates of interest to assist fund movement Tomorrow we’ll wait to listen to whether or not the Fed Chairman’s speech will ship a sign as anticipated or not. Tomorrow, the pattern of the Thai inventory market is anticipated to show to the upside after rising 50 factors in 5 days, offering resistance at 1,350 factors and assist at 1,330 factors.

SET closed in the present day at 1,341.03 factors, a rise of three.20 factors (+0.24%), buying and selling worth 38,479.88 million baht.

Inventory buying and selling in the present day The swing index made a excessive of 1,343.35 factors and a low of 1,334.79 factors.

By way of securities, in the present day’s modifications elevated 231 securities, decreased 235 securities, and 191 remained unchanged by 191 securities.

Mr Chanchai Phantathanakit, Analysis Director of Maybank Securities (Thailand), mentioned that the Thai inventory market rose one other 3 factors in the present day, with buying energy from the retail sector supporting greater than half of the index. Hypothesis on measures to stimulate the economic system by distributing cash. Together with sturdy buying energy within the vitality sector, particularly GULF, receiving optimistic outcomes from the strengthening baht. and transport teams comparable to BEM, AAV, BA

The Thai inventory market has continued to rise from a low this time of 1,290 factors on August 15, working for five consecutive days Till in the present day, the index was greater than 1,340 factors, which corresponds to a rise of greater than 50 factors, after the political scenario in. the nation This has led to expectations of financial stimulus measures to observe, together with the market anticipating that US rates of interest will fall. This creates a chance for international cash (Fund Stream) to movement in.

Thai inventory market pattern tomorrow Count on to swing sideways to the upside. With resistance of 1,350 factors and assist of 1,330 factors, observe Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), will give a speech on the assembly in Jackson. How will the sign for rate of interest cuts be despatched? Whether it is as anticipated It could push the inventory market up a bit or some Promote on Info might come out, but when there may be nonetheless no clear sign. There may additionally be promoting stress on Truth, however Thailand’s inventory image most likely will not go down deeply.

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

EA buying and selling worth 1,830.36 million baht, closed at 5.95 baht, worth unchanged.

KBANK buying and selling worth 1,773.62 million baht, closed at 140.00 baht, worth unchanged.

CPALL buying and selling worth 1,624.48 million baht, closed at 59.00 baht, down 0.25 baht.

PTT buying and selling worth 1,445.97 million baht, closed at 34.25 baht, worth unchanged.

BDMS buying and selling worth 1,322.86 million baht, closed at 27.75 baht, down 0.25 baht.

By Saowalak Ponphon/Sasithorn Simaporn