Thai Inventory Market Sees Continued Features: Set to Break 1,350 as Retail Sector and Fed Indicators Drive Optimism

SET closed immediately 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 immediately for the fifth consecutive day on account of buying energy from the retail sector anticipating measures to distribute cash to stimulate the economic system. together with robust buying energy in power and transport teams Within the meantime, it’s anticipated that the Fed will scale back rates of interest to assist fund stream 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 development 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 immediately 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 immediately The swing index made a excessive of 1,343.35 factors and a low of 1,334.79 factors.

When it comes to securities, immediately’s modifications elevated 231 securities, decreased 235 securities, and 191 remained unchanged by 191 securities.

Mr Chanchai Phantathanakit, Analysis Director of Maybank Securities (Thailand), stated that the Thai inventory market rose one other 3 factors immediately, 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 robust buying energy within the power sector, particularly GULF, receiving constructive outcomes from the strengthening baht. and transport teams reminiscent of BEM, AAV, BA

The Thai inventory market has continued to rise from a low this time of 1,290 factors on August 15, operating for five consecutive days Till immediately, the index was greater than 1,340 factors, which corresponds to a rise of greater than 50 factors, after the political state of affairs 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 overseas cash (Fund Circulation) to stream in.

Thai inventory market development 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 might push the inventory market up a bit or some Promote on Information could come out, but when there’s nonetheless no clear sign. There may additionally be promoting stress on Reality, however Thailand’s inventory image in all probability 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, value unchanged.

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