Thai Inventory Market Surge: SET Index Reaches 3-Month Excessive Amid Political Readability and Financial Stimulus Hopes

SET closed immediately at 1,354.87 factors, a rise of 13.84 factors (+1.03%), buying and selling worth 62,545.75 million baht.

Inventory buying and selling immediately The index rose effectively all through the day. The very best level was 1,355.52 factors, which was a brand new excessive in 3 months, and the bottom was 1,340.59 factors.

As for securities, adjustments immediately elevated 369 securities, a lower of 150 securities and remained unchanged by 149 securities.

Mr Therdsak Thaweethiratham, Deputy Director of Analysis at Asia Plus Securities, stated that the Thai inventory market has continued to rise. After there was progress in establishing a authorities that has seen extra readability. As well as, he expressed the imaginative and prescient of Mr. Thaksin Shinawatra, former Prime Minister. Thought-about as a means of organizing financial stimulus measures to assist the market. It stays to be seen whether or not the federal government will settle for this method and act or not.

Asia Plus Securities has seen that the SET goal framework from the start of the formation of the federal government till earlier than the federal government comes into energy might be at 1,350 factors, which is as anticipated, however after this it’s anticipated to proceed, ready for a interval authorities coverage. publications. and implementing the primary section of the digital pockets coverage to distribute money to weak teams as quickly as potential. Anticipated to be seen in September, the market will open the other way up, throughout this era the index will barely go up and down.

The outlook for the Thai inventory market subsequent week is more likely to weaken. The index will range inside a slender vary.

Help is 1,340 factors, resistance is 1,370 factors.

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

SCB buying and selling worth 6,345.88 million baht, closed at 109.00 baht, a rise of three.00 baht.

EA buying and selling worth 3,714.35 million baht, closed at 7.55 baht, a rise of 1.60 baht.

KBANK buying and selling worth 3,237.04 million baht, closed at 143.00 baht, a rise of three.00 baht.

BBL buying and selling worth 3,022.07 million baht, closed at 142.50 baht, a rise of 5.00 baht.

PTT buying and selling worth 1,580.74 million baht, closed at 34.50 baht, a rise of 0.25 baht.

By Saowalak Ponphon/Ratchada Kongkhunthian