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Thai Stock Exchange Closes with Modest Gains, Following Positive Global Trends

Stock Exchange Closed this morning at 1,377.47 points, plus 1.10 points (+0.08%), trading value about 21,140 million baht.

In morning trading, the index changes sideways. The lowest level was 1,372.86 points and the highest 1,378.42 points.

Mr Kornphat Worachet, Director of Research and Investment Services at Krungsri Patanasin Securities, said that the Thai stock market this morning was turning sideways. Had a positive factor from the US 10-year Bond Yield which fell another -5 bps to 4.459% (the lowest since 4 April 2024), which is positive psychology for short-term risky assets. and the Chinese economy is steadily improving, helping to support stock markets in Asia. As for the 1Q24 operating results of Thai listed companies that were gradually announced, most were better than expected.

It is recommended to follow the proposal to revive the Long Term Equity Fund (LTF). This will help bring in new money to support the SET.

The afternoon trend expects the market to fluctuate within the range. Looking at the index in a period of gradual recovery, the support level is 1,370-1,365 points and the resistance level is 1,384-1,387 points.

As for the securities with the highest trading value, 5 securities

PTT trading value 1,429.67 million baht, closed at 34.00 baht, an increase of 0.25 baht.

KBANK trading value 854.39 million baht, closed at 133.50 baht, an increase of 1.50 baht.

ADVANC trading value 795.76 million baht, closed at 208.00 baht, decreased 1.00 baht.

MTC trading value 787.48 million baht, closed at 47.25 baht, an increase of 2.00 baht.

The trading value of AOT fell 682.54 million baht, closing at 65.50 baht, down 0.25 baht.

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