Market Summary

• SET closed today at 1,415.41 points, down 12.62 points (-0.88%), trading value around 73,985.61 million baht.

• Today’s stock trading saw the index very accurate, making a high of 1,428.13 points and a low of 1,405.30 points.

• In terms of securities, today’s change increased 135 securities, 387 securities decreased, and 143 securities remained unchanged.

Market Analysis

Mr Sarawut Techochawalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand), said that the Thai stock market today fell in line with most foreign stock markets which were falling. The main pressure came from energy and refinery groups after the price of crude oil fell below 70 dollars/barrel. Because of concerns about the slowdown in the demand for oil in the world. Including profit taking in large stocks, SCC and the retail sector.

Meanwhile, investors are still waiting to follow the release of the US Consumer Price Index (CPI) this evening to assess the trend of interest rate cuts by the Federal Reserve (Fed), with the market expecting CPI to headline in August increased by 2.6% year over year and Core CPI will increase by 3.2% year over year If the numbers come out lower than expected, it will support the Fed to cut interest rates quickly and strongly. This will have a positive impact on foreign capital flowing into the ASEAN market. which Thailand will also benefit from

Tomorrow’s Market Outlook

The trend tomorrow is that the market has an opportunity to rebound after coming down hard to test the support level of 1,405 points before bouncing back up somewhat. Recommend following the Prime Minister’s announcement of government policy to Parliament. And the European Central Bank (ECB) meeting is expected to cut interest rates by another 0.25%.

The support level is 1,405 points and the resistance level is 1,430 points.

Top 5 Securities by Trading Value

• PTT Trading value decreased by 3,699.69 million baht, closing at 33.00 baht, 0.75 baht.

• BH Trading value 2,843.72 million baht, closed at 270.00 baht, down 1.00 baht.

• KBANK Trading value 2,781.74 million baht, closed at 156.00 baht, an increase of 0.50 baht.

• CPALL Trading value fell by 2,695.28 million baht, closing at 64.75 baht, 1.00 baht.

• BBL Trading value 2,563.84 million baht, closed at 154.00 baht, an increase of 1.00 baht.