Thai Stocks Close with Positive Momentum on Major Buying Inflows
In an impressive display of market movement, Thai stocks closed on a high note, gaining +12.79 points. Broker reports indicate a significant influx of investment into major stocks, particularly DELTA, energy, banking, and communications sectors, driving the index into positive territory. Moreover, there is strong speculation regarding stocks that stand to benefit from political developments, particularly the upcoming Prime Ministerial vote scheduled for August 4.
Following the Asarnha Bucha Day holiday, markets reopened on August 2, with an investment framework in place. Support levels were identified at 1,545-1,550 points, while resistance was observed at 1,570 points.
The Thai stock market closed for trading on July 31, 2023, with a remarkable increase of +12.79 points or +0.83%, concluding at 1,556.06 points. The total trading value amounted to 56,268.58 million baht. Throughout the day, the general stock trading index experienced a continuous ascent, reaching its peak at 1,559.07 points. However, it also experienced a dip, touching a low of 1,547.62 points.
Looking at the securities market breakdown, it is worth noting that out of 641 securities, 305 showed an increase in value, 171 remained unchanged, and 165 registered a decrease.
Analyzing the trading volume by investor groups, it was observed that domestic investors incurred net sales of over -594.57 million baht, while institutional investors experienced net sales of more than -51.61 million baht. On the contrary, there was a net purchase of over +217.87 million baht.
The top 5 securities with the highest trading value were as follows:
1. KBANK: With a trading value of 4,770.44 million baht, closed at 126.00 baht (up 1.00 baht).
2. DELTA: Trading value of 3,461.25 million baht, closed at 113.00 baht (up 3.50 baht).
3. ADVANC: Trading value of 1,790.90 million baht, closed at 226.00 baht (up 2.00 baht).
4. EA: Trading value of 1,777.00 million baht, closed at 62.00 baht (up 2.25 baht).
5. KCE: Trading value of 1,610.01 million baht, closed at 43.25 baht (up 3.50 baht).
In terms of the SET100 index, the 5 securities delivering the highest returns were:
1. FORTH: Closed at 30.50 baht, up 3.75 baht or 14.02%.
2. KCE: Closed at 43.25 baht, up 3.50 baht or 8.81%.
3. DELTA: Closed at 113.00 baht, up 3.50 baht or 3.20%.
4. SCC: Closed at 325.00 baht, up 3.00 baht or 0.93%.
5. EGCO: Closed at 133.50 baht, up 2.50 baht or 1.91%.
Conversely, the top 5 declining securities in the SET100 index were:
1. SAWAD: Closed at 47.25 baht, down 1.25 baht or 2.58%.
2. CRC: Closed at 41.25 baht, down 1.00 baht or 2.37%.
3. AMATA: Closed at 23.50 baht, down 0.50 baht or 2.08%.
4. MTC: Closed at 35.50 baht, down 0.50 baht or 1.39%.
5. JMT: Closed at 38.75 baht, down 0.50 baht or 1.27%.
At the close of the day’s trading, the SET100 index recorded an increase of 19.00 points or 0.90%, reaching a total of 2,134.63 points. The SET50 index also experienced growth, closing at 966.18 points, with an increase of 8.60 points or 0.90%. Finally, the market index concluded at 466.71 points, signaling an increase of 0.68 points or 0.15%.
Commenting on the market performance, Mr. Natthaphon Khamthakrua, Director of Securities Analysis at Yuanta Securities Department (Thailand), highlighted the surge in Thai stocks driven by substantial investments in large-cap stocks, particularly DELTA, energy, banking, and communications. The ongoing speculation surrounding stocks expected to gain from political developments, such as the upcoming Prime Ministerial vote on August 4, further fueled investor optimism of a successful outcome.
Adding to the positive sentiment, the Bank of Thailand (BOT) declared that the Thai economy is on a path to recovery, fueled by growth in the tourism and export sectors, along with a current account surplus driven by a trade surplus. These developments are viewed favorably for Large Cap stocks. As the market gears up for another trading day on August 2, expectations are high for continued upward momentum. The support level is anticipated to be at 1,545-1,550, while resistance stands at 1,570 points.
Thai stocks close +12.79 points, the broker reveals buying inflows to major stocks, especially DELTA, energy, banking and communications, pushing the index up in positive territory. There is also strong speculation on stocks to benefit from politics. which is supposed to have a vote for the Prime Minister Once again, on August 4, this will be able to successfully elect the prime minister. Assessment of the investment framework on August 2, after Asarnha Bucha Day, the stock market is back open for support at 1,545-1,550 points and resistance at 1,570 points.
The Thai stock market closed for trading on July 31, 2023, increasing +12.79 points or +0.83%, closing at 1,556.06 points, trading value at 56,268.58 million baht, while the general stock trading today The index rose and moved in territory positive throughout the day. During the day, it rose to the highest point at 1,559.07 points, on the other hand, it fell as low as 1,547.62 points.
While the securities that changed today increased 305 securities, 171 remained unchanged, and 165 decreased.
In terms of trading volume distributed by investor groups, it was found that Domestic investors had net sales of more than -594.57 million baht and institutional investors had net sales of more than -51.61 million baht. net purchase over +217.87 million baht
The securities with the highest trading value of the 5 securities
1.KBANK, with a trading value of 4,770.44 million baht, closed at 126.00 baht, up 1.00 baht.
2.DELTA, trading value 3,461.25 million baht, closed at 113.00 baht, up 3.50 baht
3.ADVANC, trading value 1,790.90 million baht, closed at 226.00 baht, up 2.00 baht
4.EA trading value 1,777.00 million baht, closed at 62.00 baht, up 2.25 baht
5.KCE, trading value 1,610.01 million baht, closed at 43.25 baht, up 3.50 baht
The SET100 index with the highest returns in 5 positions is:
1.FORTH closed at 30.50 baht, up 3.75 baht or 14.02%
2.KCE closed at 43.25 baht, up 3.50 baht or 8.81%
3. DELTA closed at 113.00 baht, up 3.50 baht or 3.20%
4.SCC closed at 325.00 baht, up 3.00 baht or 0.93%
5. EGCO closed at 133.50 baht, up 2.50 baht or 1.91%
In terms of the SET100 index, the top 5 falling prices are:
1.SAWAD closed at 47.25 baht, down 1.25 baht or 2.58%
2.CRC closed at 41.25 baht, down 1.00 baht or 2.37%
3. AMATA closed at 23.50 baht, down 0.50 baht or 2.08%
4. MTC closed at 35.50 baht, down 0.50 baht or 1.39%
5.JMT closed at 38.75 baht, down 0.50 baht or 1.27%
While the SET100 index closed at 2,134.63 points, an increase of 19.00 points or 0.90%, the SET50 index closed at 966.18 points, an increase of 8.60 points or 0.90% and the market index closed at 466.71 points, an increase of 0.68 points or 0.68 points. 0.15%.
Mr Natthaphon Khamthakrua, Director of Securities Analysis of Yuanta Securities Department (Thailand), said that the Thai stock market today rose due to the buying of large caps, especially DELTA, energy, banking and communications, with speculation on stocks expected to benefit from politics On after the Thai Pheu Party organized a meeting of 8 coalition parties on August 2, before the prime minister’s vote is expected again on August 4, investors believe that he will be able to choose the prime minister successfully.
while the Bank of Thailand (BOT) has declared that the Thai economy in June 2023 is in the direction of recovery from the tourism and export sectors Including the current account surplus according to the trade surplus. Positive for Large Cap stocks In terms of the trend that will open again on August 2, it is considered that the market is likely to continue to rise. Especially from the speculation before the Prime Minister’s vote, the support level is 1,545-1,550 and the resistance is 1,570 points.
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