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Thai stock market conditions: closed negative 2.41 points narrow swing | RYT9

stock market Close today at 1,557.61 points, down 2.41 points (-0.15%), trading value 63,892.96 million baht.

stock trading today Thai stock indexes swing in a narrow range in positive and negative territory. The index reached a high of 1,565.53 and a low of 1,555.52.

As for securities that change today, up 594 securities, down 935 securities, and no change 602 securities.

Mr. Kiticharn Sirisuk-archa Senior Vice President – Retail Securities Analysis CGS-CIMB Securities (Thailand) said that the Thai stock market today fluctuates narrowly in the positive and negative territory. Because the market was pressured by concerns about the global economic slowdown. from rising interest rates from high inflation and makes the economy go into recession And the falling oil price has forced the selling of oil stocks to put pressure on the market as well.

As for Jerome Powell, President of the US Federal Reserve The Fed told Congress yesterday it is what markets already know that the Fed is committed to curbing inflation, which will see further interest rate hikes to keep inflation within the 2% range. Peak which depends on energy prices and last year had a low base

Since the beginning of the year 65 to date, the Thai stock market (SET) has declined 6%, compared with North Asian markets such as Japan, China, Taiwan and Hong Kong, the stock market has declined an average of 10 per cent, while Indonesia is up 6%, Singapore is down 0.8%, Vietnam is down 21%. Malaysia was down 8.7 percent, but compared to Europe it was down 20 percent, the Dow was down 15 percent, the S&P500 was down 21% and the Nasdaq was down 30 percent.

for future investment trends There may be a rebound to adjust the base down further. Because looking at the situation in the next 6 months, there are still negative factors waiting, namely, interest rates are still rising. The supply chain has a problem. economic slowdown and advised to follow up with Fed Chairman Jerome Powell telling the House Financial Services Committee (June 23) what message to send.

Provides support at 1,550 and 1,544 points, resistance at 1,565 and 1,576 points.

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

JASIF trading value 3,799.15 million baht, closing at 9.25 baht, a decrease of 1.05 baht.

PTTEP trading value 3,256.66 million baht, closing at 154.00 baht, a decrease of 4.00 baht.

PTT trading value 3,161.54 million baht, closed at 33.25 baht, a decrease of 0.50 baht.

BANPU, trading value 2,537.90 million baht, closed at 12.40 baht, a decrease of 0.30 baht.

AOT trading value 2,152.41 million baht, closing at 69.00 baht, a decrease of 0.50 baht.