Thai Inventory Market Surge: SET Index Rises Amid Constructive Financial Outlook

• The Inventory Trade closed the morning session at 1,352.58 factors, a rise of 11.55 factors (+0.86%), buying and selling worth of roughly 32,202 million baht.

• Morning buying and selling The index improved properly. The best degree was 1,354.62 factors and the bottom degree was 1,340.59 factors.

Mr Kornpat Worachet, Head of Analysis at Krungsri Securities, stated that the Thai inventory market improved positively this morning. Make the most of the down US rate of interest cycle. and the interior financial system is bettering Count on extra positivity from the imaginative and prescient of former Prime Minister Thaksin Shinawatra. Present tips for common financial restoration within the brief, medium and long run based on the principle coverage tips. The issues that must be accelerated are Digital Pockets (some codecs modified), family debt decision, Leisure Complicated, Information Middle which will likely be components that help the financial system to start out increasing once more and speed up, supporting the SET to proceed to get well.

As well as, at this time it may be seen that there’s hypothesis on the federal government “Pae Thong Than 1” which expects financial stimulus measures to be applied instantly. Having already ready the credit score restrict Assist help the image of financial restoration within the subsequent interval.

The development this afternoon appears to proceed to bounce upwards, with resistance at 1,355-1,360 factors and help at 1,340 factors.

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

• EA Buying and selling worth 2,745.07 million baht, closed at 7.40 baht, a rise of 1.45 baht.

• SCB Buying and selling worth 1,985.53 million baht, closed at 109.50 baht, a rise of three.50 baht.

• KBANK Buying and selling worth 1,765.73 million baht, closed at 142.00 baht, a rise of two.00 baht.

• BBL Buying and selling worth 1,483.38 million baht, closed at 140.00 baht, a rise of two.50 baht.

• PTT Buying and selling worth 1,272.39 million baht, closed at 34.50 baht, a rise of 0.25 baht.

By InfoQuest Information Company (23 August 2024)

Tags: SET , SET Index , Kornpat Worachet , Thai inventory market , Thai shares