Thai Stocks Close Higher as Srettha Thavisin Becomes 30th Prime Minister
In a positive development for the Thai stock market, the benchmark index closed up by 19.75 points, or 1.29%, on August 22, 2023. The market ended the day at 1,545.60 points, with a trading value of 71,924.04 million baht. Throughout the day, the index witnessed a continuous rise, reaching a high of 1,548.32 points and a low of 1,532.45 points.
Trading activity saw 346 securities changing hands, while 168 remained unchanged and 128 declined.
Trading Volume and Investor Groups
A breakdown of trading volume by investor groups reveals that domestic investors sold a net amount of over 4,257.98 million baht. Institutional investors, on the other hand, made a net purchase of 3,394.02 million baht, while foreign investors had a net purchase of over 509.91 million baht. Securities account holders also saw a net purchase of 354.05 million baht.
Top Securities by Trading Value
- KBANK: With a trading value of 4,538.81 million baht, KBANK closed at 130.00 baht, up 1.00 baht.
- CPALL: CPALL recorded a trading value of 3,762.05 million baht and closed at 64.50 baht, up 2.00 baht.
- PTT: PTT’s trading value stood at 3,112.24 million baht, with a closing price of 36.25 baht, an increase of 0.25 baht.
- SIRI: Trading value for SIRI reached 2,913.85 million baht, and the stock closed at 2.02 baht, up 0.14 baht.
- HANA: HANA had a trading value of 2,194.50 million baht, closing at 62.75 baht, up 3.25 baht.
Top Gainers in the SET100 Index
- CBG: CBG closed at 84.00 baht, up 6.50 baht or 8.39%.
- DELTA: DELTA ended the day at 105.00 baht, up 4.00 baht or 3.96%.
- HANA: HANA recorded a closing price of 62.75 baht, up 3.25 baht or 5.46%.
- CPALL: CPALL closed at 64.50 baht, up 2.00 baht or 3.20%.
- CRC: CRC closed at 41.25 baht, up 1.75 baht or 4.43%.
Top Losers in the SET100 Index
- PTTEP: PTTEP closed at 159.00 baht, down 1.50 baht or 0.93%.
- THG: THG saw a closing price of 65.00 baht, down 1.00 baht or 1.52%.
- ADVANC: ADVANC closed at 221.00 baht, down 1.00 baht or 0.45%.
- SPALI (XD): SPALI (XD) closed at 20.60 baht, down 0.50 baht or 2.37%.
- IVL: IVL ended the day at 30.25 baht, down 0.25 baht or 0.82%.
The trading day concluded with the SET100 index closing at 2,117.06 points, marking an increase of 27.87 points or 1.33%. The SET50 index closed at 954.56 points, up 12.58 points or 1.34%. Finally, the market index closed at 466.82 points, reflecting a 4.14-point increase or 0.89%.
Weerawat Wirojpoka, Director of Securities Analysis at Syrus Securities’ Finansia Department, commented on today’s market performance. He noted that the Thai stock market exhibited significant growth, with the benchmark index gaining more than 20 points. This surge came after the senators voted in favor of Srettha Thavisin as the country’s 30th prime minister. Out of the 728 members of the National Assembly, 482 approved of Thavisin’s appointment, while 165 disapproved. Mr. Wirojpoka expressed confidence that the new prime minister’s successful government formation would enhance investor sentiment. As a result, Sansiri Public Company Limited (SIRI) experienced a rise in its stock price, becoming the most actively traded security.
Based on the current political landscape, market experts anticipate a further upward trend in the coming days. With a clearer conclusion on the political front, the resistance level is estimated around 1,560-1,570 points, while the support level stands at 1,540-1,530 points.
Thai stocks closed up +19.75 points, accepting “Srettha Thavisin” as the 30th prime minister, with excellent support for SIRI stocks. 1,540-1,530 points, the investment trend is expected to continue to rise tomorrow after the politics become clearer
The Thai stock market closed for trading on August 22, 2023, increasing +19.75 points or +1.29%, closing the market at 1,545.60 points, trading value 71,924.04 million baht, while today’s general stock trading, the index has continued to rise throughout. day since the opening of the market During the day, it rose to the highest point at 1,548.32 points, on the other hand, the lowest with 1,532.45 points.
While the securities that changed hands today increased by 346 securities, 168 remained unchanged and 128 declined.
In terms of trading volume distributed by investor groups, it was found that domestic investors sold a net of over -4,257.98 million baht. Institutional investors net purchase +3,394.02 million baht, foreign investors net purchase over +509.91 million baht and securities account net purchase over +354.05 million baht
The securities with the highest trading value of the 5 securities
1.KBANK, with a trading value of 4,538.81 million baht, closed at 130.00 baht, up 1.00 baht.
2.CPALL, trading value 3,762.05 million baht, closed at 64.50 baht, up 2.00 baht
3.PTT trading value 3,112.24 million baht, closed at 36.25 baht, an increase of 0.25 baht.
4.SIRI, trading value 2,913.85 million baht, closed at 2.02 baht, an increase of 0.14 baht
5.HANA, trading value 2,194.50 million baht, closed at 62.75 baht, up 3.25 baht
The SET100 index with the highest returns in 5 positions is:
1.CBG closed at 84.00 baht, up 6.50 baht or 8.39%
2.DELTA closed at 105.00 baht, up 4.00 baht or 3.96%
3.HANA closed at 62.75 baht, up 3.25 baht or 5.46%
4.CPALL closed at 64.50 baht, up 2.00 baht or 3.20%
5.CRC closed at 41.25 baht, up 1.75 baht or 4.43%
In terms of the SET100 index, the top 5 falling prices are:
1.PTTEP closed at 159.00 baht, down 1.50 baht or 0.93%
2.THG closed at 65.00 baht, down 1.00 baht or 1.52%
3. ADVANC closed at 221.00 baht, down 1.00 baht or 0.45%
4.SPALI (XD) closed at 20.60 baht, down 0.50 baht or 2.37%
5.IVL closed at 30.25 baht, down 0.25 baht or 0.82%
While the SET100 index closed at 2,117.06 points, an increase of 27.87 points or 1.33%, the SET50 index closed at 954.56 points, an increase of 12.58 points or 1.34% and the market index closed at 466.82 points, an increase of 4.14 points, an increase of 4.14 % 0.89%.
Mr Weerawat Wirojpoka, Director of Securities Analysis of Syrus Securities’ Finansia Department, said that the Thai stock market today rose more than 20 points, accelerating from the morning. After the senators (Senators) voted to support Mr. Settha Thavisin as the 30th prime minister out of 728 members of the National Assembly, 482 approved, 165 disapproved. he will bring the name to His Majesty can successfully establish a government The above factors pushed the stock price of Sansiri Public Company Limited (SIRI) to rise with the No. 1 highest trading volume.
As for tomorrow’s trend, the market is expected to continue rising. of the general political picture is more positive After a clear conclusion The resistance is estimated at 1,560-1,570 points and the support at 1,540-1,530 points.
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