Thai Inventory Market Surges to 3-Month Excessive Amid Authorities Formation Progress

InfoQuest Information Company (23 Aug ’24)

SET closed immediately at 1,354.87 factors, a rise of 13.84 factors (+1.03%), buying and selling worth 62,577.47 million baht Analysts reveal that the Thai inventory market continues to rise immediately because of progress within the formation of the federal government. Any longer, we should comply with authorities coverage bulletins. And may the digital pockets coverage be applied as rapidly as there may be information? If it may be accomplished rapidly in line with the information, it will likely be a chance on the opposite facet of the market. However subsequent week there may be nonetheless no progress, it’s anticipated that the momentum will weaken. The index oscillates in a slim vary, with assist at 1,340 factors and resistance at 1,370 factors.

SET closed immediately at 1,354.87 factors, a rise of 13.84 factors (+1.03%), buying and selling worth 62,577.47 million baht.

Inventory buying and selling immediately The index rose properly all through the day. The 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 of as a method of organizing financial stimulus measures to assist the market. It stays to be seen whether or not the federal government will settle for this strategy 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 will likely 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 part of the digital pockets coverage to distribute money to susceptible teams as quickly as potential. Anticipated to be seen in September, the market will open the wrong way up, throughout this era the index will barely go up and down.

The outlook for the Thai inventory market subsequent week is prone to weaken. The index will range inside a slim vary.

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

As for the securities with the very 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