Thai Stock Market Ends on a Negative Note amidst Volatility
On July 24, 2023, the Thai stock market closed with a decline of -0.36%, with the SET100 index standing at 1,523.81 points, down by -5.44 points. The trading volume amounted to 50,652.91 million baht. Throughout the day, the market experienced fluctuations, opening in positive territory but eventually closing in the negative zone. The market reached a high of 1,537.15 points and a low of 1,520.77 points.
Among the securities, 129 recorded gains, 152 remained unchanged, and 357 witnessed a decrease. Domestic investors made a net purchase of more than +4,550.02 million baht, while securities accounts saw a net purchase of over +329.17 million baht. Foreign investors, on the other hand, had a net sale of -4,344.49 million baht, and institutional investors also net sold over -534.69 million baht.
The Top 5 Securities with Highest Trading Value
- KBANK: Trading value of 9,632.03 million baht, closing at 124.50 baht (down 4.50 baht)
- BBL: Trading value of 2,532.48 million baht, closing at 168.00 baht (up 3.50 baht)
- SCB: Trading value of 2,511.17 million baht, closing at 107.50 baht (down 3.00 baht)
- KKP: Trading value of 1,623.43 million baht, closing at 55.75 baht (down 4.75 baht)
- KTB: Trading value of 1,611.26 million baht, closing at 20.20 baht (price unchanged)
The Top 5 Gainers in the SET100 Index
- DELTA: Closed at 109.00 baht (up 3.50 baht or 3.32%)
- BBL: Closed at 168.00 baht (up 3.50 baht or 2.13%)
- PTTEP: Closed at 159.50 baht (up 1.50 baht or 0.95%)
- TIPH: Closed at 42.50 baht (up 0.75 baht or 1.80%)
- TOP: Closed at 48.50 baht (up 0.75 baht or 1.57%)
The Top 5 Losers in the SET100 Index
- KKP: Closed at 55.75 baht (down 4.75 baht or 7.85%)
- KBANK: Closed at 124.50 baht (down 4.50 baht or 3.49%)
- SCB: Closed at 107.50 baht (down 3.00 baht or 2.71%)
- BH: Closed at 217.00 baht (down 2.00 baht or 0.91%)
- SCC: Closed at 319.00 baht (down 2.00 baht or 0.62%)
The SET100 index closed at 2,083.98 points (down -5.12 points or -0.25%), whereas the SET50 index closed at 944.01 points (down -1.21 points or -0.13%). The market index closed at 460.45 points, reflecting a decrease of -2.43%.
Chaiyaporn Nompitakcharoen, the managing director of the Securities Trading Division at Bualuang Securities, commented on the volatility of the Thai stock market. After an initial rise in the morning, the market took a downturn in the afternoon, driving it into negative territory. Nompitakcharoen attributed the selling pressure and profit-taking to investors’ caution ahead of the Federal Reserve meeting. The market performance in other Asian countries also displayed alternating positive and negative movements.
Regarding the market outlook for the next day, experts anticipate sideways movement, with the focus on the outcome of the Federal Reserve meeting. Additionally, attention will be paid to domestic political factors, such as the formation of the government and the Prime Minister’s vote. The resistance level is estimated to be at 1,530 points, while the support level is expected to be at 1,510 points.
The Thai stock market closed -5.44 points. Analysts pointed out that Thai stocks today were volatile, opening in positive territory in the morning before falling in the afternoon and closing in negative territory. Because of taking profits and reducing risks while waiting for the results of the Fed meeting of investors. An assessment of tomorrow’s investment framework is expected to turn sideways at resistance at 1,530 points and support at 1,510 points.
The Thailand stock market closed for trading on July 24, 2023, down -5.44 points or -0.36%, closing at 1,523.81 points, trading value 50,652.91 million baht. which rises in the morning before dropping in the afternoon and closing the market in negative territory While during the day it rose to a maximum of 1,537.15 points, on the other hand, it fell as low as 1,520.77 points.
While the securities that changed today increased 129 securities, 152 remained unchanged, and 357 decreased.
In terms of trading volume distributed by investor groups, it was found that Domestic investors had a net purchase of more than +4,550.02 million baht and securities account had a net purchase of more than +329.17 million baht. Foreign investors net sold over -4,344.49 million baht and institutional investors net sold over -534.69 million baht.
The securities with the highest trading value of the 5 securities
1.KBANK, trading value 9,632.03 million baht, closed at 124.50 baht, down 4.50 baht
2.BBL, trading value 2,532.48 million baht, closed at 168.00 baht, up 3.50 baht
3.SCB trading value 2,511.17 million baht, closed at 107.50 baht, down 3.00 baht
4.KKP, trading value 1,623.43 million baht, closed at 55.75 baht, down 4.75 baht
5.KTB, trading value 1,611.26 million baht, closed at 20.20 baht, price unchanged.
The SET100 index with the highest returns in 5 positions is:
1.DELTA closed at 109.00 baht, up 3.50 baht or 3.32%
2.BBL closed at 168.00 baht, up 3.50 baht or 2.13%
3.PTTEP closed at 159.50 baht, up 1.50 baht or 0.95%
4.TIPH closed at 42.50 baht, up 0.75 baht or 1.80%
5.TOP closed at 48.50 baht, up 0.75 baht or 1.57%
In terms of the SET100 index, the top 5 falling prices are:
1.KKP closed at 55.75 baht, down 4.75 baht or 7.85%
2.KBANK closed at 124.50 baht, down 4.50 baht or 3.49%.
3.SCB closed at 107.50 baht, down 3.00 baht or 2.71%
4. BH closed at 217.00 baht, down 2.00 baht or 0.91%
5.SCC closed at 319.00 baht, down 2.00 baht or 0.62%
While the SET100 index closed at 2,083.98 points, a decrease of -5.12 points or -0.25%, the SET50 index closed at 944.01 points, a decrease of -1.21 points or -0.13% and the market index closed at 460.45 points, a decrease of -2.43% or -2.43%
Mr. Chaiyaporn Nompitakcharoen managing director of the Securities Trading Division, Bualuang Securities said that the Thai stock market today is volatile. After the morning rose, but the afternoon fell into negative territory. It rests after the index rises to a certain level. Causing pressure to sell and take profits Other stock markets in Asia today alternated positive and negative moves.
“Some of our domestic stock markets are selling to reduce risk while awaiting the outcome of this week’s Federal Reserve meeting. In addition, there was factual forward selling pressure in financial institution stocks after the 2Q23 performance report came out, so there was pressure to sell bank stocks with lower than expected returns. And there is a direction of setting a high reserve, including worrying about the NPL which is still high,” Chaiyaporn said.
As for tomorrow’s trend, the index is expected to swing sideways pending the Fed meeting factor. Including monitoring domestic political factors on how the government is formed and the Prime Minister’s vote. The resistance is estimated at 1,530 points and the support at 1,510 points.
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