Newsletter

Thai Stocks Show Mixed Mood as Investors Take Profit Before Long Holiday

The mood of Thai stocks on February 23, 2024 moved into positive and negative territory. Principal investors sell stocks to make a profit. After rising in the last 2 days and some investors sold out to reduce risk. Before entering the long 3-day holiday, as a result, at 5:02 pm, the stock index closed at 1,398.14 points, down 4.33 points, or 0.31%, with a trading value of 48,385.71 million baht, while the MAI market closed at 421.72 points, an increase of 0.45 points, or 0.11% with a traded value of 2,685.74 million baht

Ms. Darunrat Phiyayodilokchai, Head of Equity Department Aberdeen Asset Management (Thailand) said he still has a positive view on investing in the Thai stock market. And it is expected that the index this year will be in the range of 1,406-1,560 points. It is believed that the Thai economy should grow at least 3%, while earnings per share of listed companies is 5%, growing from -8% last year, given that medium and small stocks are still an interesting group Especially groups that have the opportunity to grow and drive the economy, such as tourism groups. and health care groups that will benefit from policies to stimulate the tourism sector The target number of foreign tourists is around 33-35 million this year.

The 5 best trading securities

1.True closed at 7.25 baht, up 0.70 baht.

2.SCB closed at 112.50 baht, up 1.50 baht.

3.Bangkok Bank closed at 142.50 baht, down -2.50 baht.

4.PTT closed at 36.00 baht, unchanged.

5. CP All closed for 57.25 baht, unchanged.

#long #holiday #Thailands #stock #index #closed #points #Daily #News