Thai Stocks Close Down 3.15 Points Amidst Overbought Conditions

The Thai stock market closed on September 20, 2024, with a decrease of 3.15 points (-0.22%), closing at 1,451.69 points. The trading value was approximately 67,577.19 million baht. The general trading stock index rose in the morning before turning back to negative territory in the afternoon.

Market Performance

The number of securities that changed today increased by 282 securities, remained unchanged for 167 securities, and decreased by 223 securities.

Trading Volume by Investor Group

• Domestic investors made net sales of more than -2,089.44 million baht
• Foreign investors made net purchases of over +1,399.32 million baht
• Securities company accounts made net purchases of over +75.68 million baht
• Institutional investors made net purchases of over +614.43 million baht

Top 5 Securities by Trading Value

1. BANPU: trading value 3,891.13 million baht, closed at 7.40 baht, an increase of 0.85 baht
2. BDMS: trading value 3,577.13 million baht, closed at 30.50 baht, an increase of 0.50 baht
3. PTTEP: trading value 2,739.49 million baht, closed at 138.00 baht, price unchanged
4. CPALL: trading value 2,627.59 million baht, closed at 65.00 baht, an increase of 0.25 baht
5. BBL: trading value 2,039.00 million baht, closed at 154.50 baht, down 0.50 baht

SET100 Index Performance

Top 5 Gainers

1. RCL: closed at 26.00 baht, up 2.50 baht or 10.64%
2. SAPPE: closed at 72.50 baht, up 2.25 baht or 3.20%
3. SISB: closed at 34.50 baht, up 1.50 baht or 4.55%
4. BH: closed at 272.00 baht, up 1.00 baht or 0.37%
5. ITC: closed at 20.80 baht, up 0.80 baht or 4.00%

Top 5 Losers

1. AEONTS: closed at 142.00 baht, down 3.00 baht or 2.07%
2. SCC: closed at 238.00 baht, down 3.00 baht or 1.24%
3. ADVANC: closed at 259.00 baht, down 3.00 baht or 1.15%
4. EGCO: closed at 121.50 baht, down 2.50 baht or 2.02%
5. CPN: closed at 66.25 baht, down 2.00 baht or 2.93%

Market Outlook

Mr. Weerawat Wirojphoka, Senior Director of the Securities Analysis Department of Investment Advisory Securities Company (BPO) FSS International Company Limited, said that the Thai stock market today followed the direction of other stock markets in Asia before falling in the afternoon due to selling on fact after the market received news about some important factors.

Next week’s trend is expected to vary within the range, while still waiting for new factors and following the US economic numbers to predict signs of an interest rate cut by the Federal Reserve (Fed). The resistance level is 1,460-1,465 points, and the support level is 1,440-1,445 points.