Thai stock market conditions: closed in the morning, negative 9.35 points, worried about the Fed but strong buy back Fund Flow

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The SET closed in the morning at 1,610.98 points, down 9.35 points (-0.58%), trading value around 33,630 million baht. Revealed that the SET this morning dropped 1,600 points again, but there was some buying momentum to support the index. The negative factors that still cover the market are concerns about rising US inflation and concerns about the Fed’s interest rate hike. Afternoon trend, keep an eye on European stock markets – Dow Jones futures, ready for the SET to close above 1600 points, giving 1,600 support and 1,592 points, the first resistance 1,610 points, the next 1,615 points

SET The morning closed at 1,610.98 points, down 9.35 points (-0.58%), with a trading value of about 33,630 million baht.

stock trading this morning The Thai stock index opened lower and then lowered the negative range. by making the highest level 1611.67 points and the lowest level 1,592.10 points

Mr. Kiticharn Sirisuk-archa Senior Vice President – Retail Securities Analysis CGS-CIMB Securities (Thailand) said that the Thai stock market opened this morning to a strong fall of 1,600 points, down to the lowest at 1,592 points, but later began to have strong buying back, causing the index. can return to stand above 1600 points

The main negative factor is the fear of high inflation that has hit the retail sector. and the acceleration of interest rates by the US Federal Reserve (Fed), which is a negative factor covering the market continuously Recently, Fed Chairman Jerome Powell has confirmed that the Fed is not hesitant to raise interest rates as much as necessary to curb inflation.

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However, stock markets in ASEAN started to rebound. The Indonesian stock market turned positive. But North Asian stock markets were still down more than 2% because they had a lot of tech stocks. Meanwhile, Dow futures turned positive, while the SET index stood above 1,600 points, seeing strong follow-up (follow buy), which is expected to be a group of foreign investors after May 17-18, a net buy. Over 3 billion baht/day And this baht has strengthened, as well as the weighting of MSCI’s stock market investment, which will take effect on May 30, will have a net buy of $25 million, giving another boost to buy.

Market trends in the afternoon, Mr. Kiticharn said that we have to wait and see if the European market is positive or not. And Dow Jones futures can continue to be positive or not, by hoping the SET index today should reduce the negative range. and can stand above 1,600 points

Support at 1600 and 1,592 points, first resistance at 1610 points, next at 1,615 points.

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

FTI trading value 2,268.76 million baht, closed at 4.34 baht, increased 1.84 baht

PTTEP trading value 1,023.76 million baht, closed at 156.00 baht, decreased 2.50 baht

BANPU, trading value 969.07 million baht, closed at 11.80 baht, decreased 0.10 baht

BDMS trading value of 953.55 million baht, closed at 27.00 baht, increased by 0.25 baht.

GULF trading value 921.63 million baht, closed at 46.25 baht, decreased 0.75 baht.

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