Thai shares fell to shut -2.99 factors, analysts revealed. Stress from overseas elements affecting the index Notably involved concerning the Fed decreasing rates of interest extra slowly. Together with the promoting strain of EA and NEX shares, there was additionally a drop within the goal value. Though there may be sturdy buying energy within the meals and digital parts teams and the variety of incoming Thai exports Please assist me help me. Consider tomorrow’s funding framework as help at 1,355-1,360 factors and resistance at 1,375 factors tomorrow’s development, anticipate the market to be bearish, ready for PMI numbers and the variety of weekly jobless claims within the US .
The Thailand inventory market closed buying and selling on Might 23, 2024, down -2.99 factors or -0.22%, closing at 1,367.84 factors, buying and selling worth 46,236.17 million baht, whereas the overall inventory buying and selling as we speak The index fluctuates up and down. Alternating between constructive and unfavourable territory, through the day it rose to a most of 1,374.04 factors, in the wrong way it fell to a minimal of 1,364.31 factors.
In the meantime, the variety of securities that modified as we speak elevated by 190 securities, remained unchanged for 186 securities, and decreased by 285 securities.
By way of buying and selling quantity categorized by investor group, it was discovered that overseas buyers web bought greater than -1,014.36 million baht and securities firm accounts bought greater than -71.46 million baht Then again, it was discovered that home buyers made web purchases of greater than +827.73 million baht and institutional buyers made web purchases of greater than +258.09 million baht.
As for the securities with the very best buying and selling worth, 5 securities
1.NEX buying and selling worth 1,934.01 million baht, closed at 3.16 baht, down 0.90 baht.
2.CPALL buying and selling worth 1,727.40 million baht, closed at 58.75 baht, down 0.50 baht.
3.CPF buying and selling worth 1,636.53 million baht, closed at 23.20 baht, a rise of 0.70 baht.
4.DELTA buying and selling worth 1,594.16 million baht, closed at 77.00 baht, a rise of two.50 baht.
5.EA buying and selling worth 1,369.36 million baht, closed at 23.70 baht, down 1.20 baht.
Whereas the SET100 index closed at 1,859.98 factors, down -4.04 factors or -0.22%, the SET50 index closed at 843.52 factors, down -1.25 factors or -0.15%. 0.03%.
Mr. stated Sarawut Techochawalit, Senior Director of Securities Evaluation Division, RHB Securities (Thailand), that the overall inventory market of Thailand remains to be not good as we speak. International elements: Buyers are nonetheless frightened that the Federal Reserve (Fed) will minimize rates of interest for the primary time later than anticipated. It additionally faces promoting strain in EA and NEX shares after analysts lowered their goal costs when NEX introduced its 1Q24 funds that EV bus deliveries missed the goal by a major margin.
Even as we speak there may be buying energy amongst meals producers reminiscent of CPF, TFG and BTG because of higher meat costs. and digital parts group Had good outcomes from the NVDIA working outcomes which got here out higher than anticipated. Together with Thai export numbers in April which turned again to a constructive 6.8% however with little impact on the index. Because of strain from promoting EA and NEX
“Tomorrow’s development of the index approach breaking the help stage of 1,370 factors, the path can be absorbed. The market remains to be ready to comply with the Buying Managers Index (PMI) report on the first manufacturing sector in Might and the variety of weekly jobless claims in the US. If the unemployment quantity will increase, it could help expectations that the Fed will minimize rates of interest extra shortly. As well as, they have to hint cash from overseas buyers after final Tuesday they bought quite a bit. Take a look at the help vary at 1,355-1,360 factors and the resistance at 1,375 factors.” Mr. Sarawut.
#Thai #inventory #index #fell #factors #dealing with #promoting #strain #EANEX #shares #ready #financial #numbers
