Thai stocks closed today down 4.33 points at 1,359.94 points.
Reporters reported that Thai stock index today (April 26) Closed trading at 1,359.94 points, down 4.33 points or -0.32%, trading value 40,149.83 million baht, reaching a high of 1,366.24 points and a low of 1,358.26 points.
Foreign investors sell net
Net of foreign investors sold 822.78 million baht and net of domestic investors sold 160.86 million baht.
InfoQuest reports that Mr. Nattaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), said that the Thai stock market contracted today. Investors are waiting to follow the situation in the Middle East, so they have slowed down their buying pressure and have some selling pressure to reduce risk. After the situation had previously become more serious during the holidays. Meanwhile, most Asian stock markets rose. Following the US stock market that decreased in the negative period. and was supported by weakening US government bond yields (bond yields) as well as the announcement of better-than-expected earnings from the US technology sector.
In addition, the Thai stock market has been pressured by retail groups, particularly Berli Jucker Public Company Limited (BJC), due to concerns that 1Q24 results may not be as expected. As a result, the retail sector has declined accordingly.
Next week’s outlook for the Thai stock market is expected to change sideways. Record period of speculation on individual stocks This is because listed companies are gradually announcing their operating results for the first quarter of 2024, including following up on the reporting of Thailand’s export figures. Meanwhile, next week the US Federal Reserve (Fed) holds a monetary policy meeting and announces its decision on interest rates. And following the release of US labor sector figures on Friday.
The support level is 1,350-1,355 and the resistance level is 1,370. The next resistance level is 1,380 points.
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