Thai Stock Market​ Closes with⁤ Narrow Fluctuations

The Stock Exchange of Thailand (SET) closed at 1,436.60 points, ⁣up 1.07 points (+0.07%), with a trading value of ⁣54,408.59 ⁣million baht.

The index fluctuated within a narrow range throughout the day, with the highest point at 1,439.35 points and the lowest point⁣ at ‍1,431.56 points.

In terms of changes in securities, 260 securities increased, 244 securities decreased,‌ and 170 securities remained unchanged.

Market Analysis

Chaiphon Nomphitakcharoen, Managing Director of ⁤the Securities Trading Division at Bualuang Securities, stated ‍that the⁢ Thai⁤ stock market followed the same direction as the Asian stock market, ⁤which opened with caution due to‍ the​ upcoming Federal Reserve (Fed) meeting.

The market ‌is eagerly awaiting the Fed’s decision on interest rates, with a potential 0.50% cut. This uncertainty has led investors ‍to delay their investments,⁣ resulting in a ⁣narrow fluctuation in the ⁤market.

Lack of new factors supporting the market, combined with the already announced economic stimulus⁢ measures, has resulted in ‌no significant short-term direction⁣ for the index.

Tomorrow’s Market Outlook

The market is expected to swing sideways, awaiting the outcome of the Fed meeting, ⁢which will be a crucial factor in determining the direction of global stock markets.

The support level is expected to be around 1,425 points, with ⁢a ⁤resistance level of 1,445 ⁣points.

Top 5‌ Securities ⁣by Trading Value

• EA: Trading value of 6,540.05 million baht,​ closed at 9.30 baht,‍ down 1.20 baht.
• AOT: Trading value of 3,466.12 ⁢million baht, closed at 64.75 baht, up 2.00 baht.
• BANPU: Trading value ‍of 3,190.17 million baht, closed at​ 6.50 baht, up 0.25 baht.
• ADVANC: Trading value of 1,754.09 million baht, closed at 259.00 baht, up 3.00 baht.
• PTTEP:⁤ Trading value of 1,548.82 million ⁣baht, closed at 136.00 baht, down 1.00 baht.

By Jirayut Chansongsakul/Sasithorn Simaporn