Thai Inventory Market Surges to 1,323.38 Factors Amid Financial Optimism and Strengthening Baht

SET closed right now at 1,323.38 factors, a rise of 20.38 factors (+1.56%), buying and selling worth 62,385.85 million baht.

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

As for securities, modifications right now 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, stated that the Thai inventory market elevated right now. 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 international shopping for energy coming in to assist as nicely, together with traders 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, right now they transfer alternately optimistic and unfavorable.

Tomorrow’s pattern is predicted to swing sideways, ready to comply with the Federal Reserve (Fed) assembly in Jackson Gap this week. The market expects to ship a sign concerning the route of US rates of interest. Count on to see the primary rate of interest minimize on the Fed’s assembly in September. You additionally have to comply with 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