Thai Stocks Bounce Back: Communications and Finance Sectors Drive 3.79-Point Surge
Thai Stocks Close at 1,447.90 Points, Down 3.79 Points (-0.26%)
Market Summary
The Thai stock market closed at 1,447.90 points, down 3.79 points (-0.26%), with a trading value of around 50,673.11 million baht.
The highest point of the day was 1,455.44 points, while the lowest point was 1,442.02 points.
188 securities increased, 320 securities decreased, and 162 securities remained unchanged.
Analysis
According to Mr. Nattaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), the Thai stock market contracted today due to profit-making selling pressure on stocks in the communications, power plants, and finance sectors.
The decline in the index was limited, and it is expected that investors should wait to follow the money from the Vayupak Fund, which will gradually come in to help support from the beginning of October.
Tomorrow’s Trend
The market is expected to fluctuate and rest, but the downside is limited. Investors should follow the Cabinet meeting, which may announce additional measures to help flood victims and stimulate the economy and investment.
The support is 1,440 points, and the resistance is 1,455 points.
Top 5 Securities by Trading Value
- BDMS: trading value 2,654.80 million baht, closed at 31.00 baht, up 0.50 baht
- BANPU: trading value 2,137.14 million baht, closed at 7.30 baht, down 0.10 baht
- KBANK: trading value 1,962.35 million baht, closed at 158.00 baht, up 0.50 baht
- PTTEP: trading value 1,851.26 million baht, closed at 137.00 baht, down 1.00 baht
- EA: trading value 1,844.66 million baht, closed at 9.20 baht, up 0.25 baht
