Thai Inventory Market Rises 1.56% as Financial Development Surpasses Expectations and Political Stability Bolsters Investor Confidence

SET closed in the present day at 1,323.38 factors, a rise of 20.38 factors (+1.56%), buying and selling worth 62,358.60 million baht.

Inventory buying and selling rose in the present day and remained in optimistic territory all through the day. The very best level was 1,323.38 factors and the bottom level was 1,302.97 factors.

As for securities, modifications in the present day elevated by 416 securities, a lower of 112 securities, and remained unchanged by 130 securities.

Chaiphon Nomphitakcharoen Mr. Managing Director Securities Buying and selling Division, Bualuang Securities, mentioned that the Thai inventory market elevated in the present day. with help from main shares Specifically, the Home Play group, led by the Banking Group and CPALL, supported the index after NESDB within the morning reported that the Thai economic system in 2Q24 expanded by 2.3%, higher than anticipated, in an element that helps feeling.

In the meantime, the baht continues to strengthen. This has led to overseas shopping for energy coming in to assist as nicely, together with buyers gaining extra confidence after the political scenario resolved tensions with the brand new Prime Minister formally taking workplace. As for different inventory markets in Asia, in the present day they transfer alternately optimistic and unfavourable.

Tomorrow’s pattern is anticipated to swing sideways, ready to observe the Federal Reserve (Fed) assembly in Jackson Gap this week. The market expects to ship a sign in regards to the course of US rates of interest. Anticipate to see the primary rate of interest reduce on the Fed’s assembly in September. You additionally have to observe the Financial Coverage Committee (MPC) assembly on 21 August.

The resistance stage is 1,330 factors and the help stage is 1,310 factors.

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

KBANK buying and selling worth 4,788.67 million baht, closed at 138.50 baht, a rise of 5.00 baht.

BBL buying and selling worth 2,708.47 million baht, closed at 134.00 baht, a rise of three.50 baht.

SCB buying and selling worth 1,853.48 million baht, closed at 106.50 baht, a rise of three.00 baht.

CPALL buying and selling worth 1,573.64 million baht, closed at 57.00 baht, a rise of 1.25 baht.

EA buying and selling worth 1,509.00 million baht, closed at 4.92 baht, a rise of 0.68 baht.

By Jirayut Chansongsakul/Sasithorn Simaporn