Thai stock market conditions: closes down 0.30 points, swings in a narrow frame, waiting for the results of the Fed meeting, expecting to slow down policy

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stock market Close today at 1,667.44 points, down 0.30 points (-0.02%), trading value 69,402 million baht.

Today’s stock trading moves in a narrow range. The index rose to a high of 1,673.54 and a low of 1666.84.

Securities changed today, up 730 shares, down 975 securities, and unchanged 525 securities.

Mr. Therdsak Thaweetheerathum, Deputy Director of Research, Asia Plus Securities (ASP), said that the Thai stock market today moved in a narrow range all day. While waiting to follow the US Federal Reserve (Fed) meeting on May 4-5 whether to raise interest rates as the market expected 0.50% or not, as investors are hopeful that the Fed may slow down its tightening monetary policy. The U.S. Department of Commerce reported that gross domestic product (GDP) for the quarter shrank 1.4%, compared with analysts’ expectations for a 1.1% growth.

The direction of the Thai stock market next week is likely to be downward due to the US inflation pressure that continues to increase. In addition, the use of strict monetary policy, both raising interest rates and reducing the balance sheet. While our stock market has a mid-week holiday as well.

The movement frame is set at 1650 support and resistance at 1670-1675 points.

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

SCC, trading value 2,728.65 million baht, closed at 370.00 baht, increased by 10.00 baht.

SCB trading value 2,402.36 million baht, closed at 115.00 baht, increased 2.50 baht

BANPU, trading value 2,386.17 million baht, closed at 12.30 baht, an increase of 0.10 baht.

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KBANK trading value 2,216.63 million baht, closing at 153.00 baht, a decrease of 0.50 baht.

ADVANC trading value 1,882.52 million baht, closing at 215.00 baht, down 5.00 baht.


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