Thai Stock Market Update
SET Closes with Modest Gain
Today, the SET closed at 1,423.61 points, marking an increase of 4.17 points (+0.29%). The trading value stood at 37,772.79 million baht.
Stock trading throughout the day showed sideways fluctuations, with the index reaching a low of 1,418.42 points and a high of 1,427.13 points.
Market analysis indicates that there were 269 securities that saw an increase, 171 that experienced a decrease, and 209 with no change.
Commenting on the market performance, Narongdet Chanthapaisarn, Director of Securities Analysis at AIRA Securities, noted that the Thai stock market showed a slight downward trend due to lack of significant new supportive factors. Investor sentiment has been impacted by concerns over the Federal Reserve’s stance on interest rates and the Stock Exchange’s control over trading activities. The recent announcement of a 500 billion baht loan bill for a digital wallet project has also contributed to market uncertainty.
Investors are now awaiting the release of the minutes of the Federal Reserve Monetary Policy Committee meeting, scheduled for Wednesday, to gain insight into potential interest rate adjustments and inflation management strategies that could influence market dynamics.
Looking ahead, market trends are expected to remain subdued, with support at 1,410 points and resistance at 1,432 points.
Top Traded Securities
- AOT – trading value 3,557.66 million baht, closed at 67.25 baht, down 1.75 baht.
- PTT – trading value 1,797.36 million baht, closed at 34.75 baht, an increase of 0.25 baht.
- BDMS – trading value 1,351.85 million baht, closed at 26.75 baht, an increase of 0.25 baht.
- ADVANC – trading value 1,318.67 million baht, closed at 216.00 baht, price unchanged.
- BBL – trading value 995.34 million baht, closed at 152.00 baht, down 0.50 baht.
By: InfoQuest News Agency (21 Nov ’23)
Tags: SET, Thai stock market, Thai stocks
Editor’s Picks, Stock News17:13 2023-11-21
SET closed today at 1,423.61 points, an increase of 4.17 points (+0.29%), trading value 37,772.79 million baht.
Stock trading today The index fluctuates sideways. The lowest point was 1,418.42 points and the highest point was 1,427.13 points.
In terms of changes in securities today, there was an increase of 269 securities, a decrease of 171 securities, and no change for 209 securities.
Mr said. Narongdet Chanthapaisarn, Director of Securities Analysis at AIRA Securities, that the Thai stock market today is turning sideways within a limited range, based on a slight downward trend. Because there are no new issues to support After accepting that investors put pressure almost 100% that the Federal Reserve of the United States (Fed) would have stopped raising interest rates significantly. and the Stock Exchange’s press release went out in the way of strict control over trading, without much meaning to the market, including the issuance of the 500 billion baht loan bill to be used in the digital wallet project , there is still uncertainty
While investors are waiting for the release of the minutes of the meeting of the Federal Reserve Monetary Policy Committee (FOMC) on October 31 – November 1 at 2: 00 am (Thailand time) on Wednesday, if at all. raise interest rates. Managing inflation can put pressure on the market.
Tomorrow’s market trends should swing out to the side first. Support is set at 1,410 points and resistance at 1,432 points.
As for the securities with the highest trading value, 5 securities
AOT trading value 3,557.66 million baht, closed at 67.25 baht, down 1.75 baht.
PTT trading value 1,797.36 million baht, closed at 34.75 baht, an increase of 0.25 baht.
BDMS trading value 1,351.85 million baht, closed at 26.75 baht, an increase of 0.25 baht.
ADVANC trading value 1,318.67 million baht, closed at 216.00 baht, price unchanged.
BBL trading value 995.34 million baht, closed at 152.00 baht, down 0.50 baht.
By InfoQuest News Agency (21 Nov ’23)
Tags: SET , Thai stock market , Thai stocks
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