Thai Inventory Market Surges for Fifth Day: SET Index Closes at 1,341.03 Factors Amid Retail Sector Enhance and Anticipation of Fed Charge Cuts

SET closed right this moment at 1,341.03 factors, a rise of three.20 factors (+0.24%), buying and selling worth 38,464.07 million baht Revealed that the Thai inventory market rebounded right this moment for the fifth consecutive day as a result 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 move Tomorrow we are going to 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 right this moment at 1,341.03 factors, a rise of three.20 factors (+0.24%), buying and selling worth 38,464.07 million baht.

Inventory buying and selling right this moment The swing index made a excessive of 1,343.35 factors and a low of 1,334.79 factors.

When it comes to securities, right this moment’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 right this moment, 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 right this moment, 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 comply with, together with the market anticipating that US rates of interest will fall. This creates a chance for overseas cash (Fund Stream) to move in.

Thai inventory market development tomorrow Anticipate to swing sideways to the upside. With resistance of 1,350 factors and assist of 1,330 factors, comply with 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 could come out, but when there’s nonetheless no clear sign. There may be promoting stress on Reality, however Thailand’s inventory image most likely will not go down deeply.

As for the securities with the very 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