Market Summary

• Stock​ Exchange: The⁣ morning session closed at 1,458.28 points,‍ an increase of 3.44 points (+0.24%), with a trading value of about 30,725 million baht.
• Morning trading: The Rose​ index reached its highest‍ level at 1,462.35 points and its ⁤lowest level at 1,454.60 points.

Market Analysis

According to Narongdet Chanthapaisarn, Director of⁤ Securities Analysis at AIRA Securities, the Thai stock market⁢ continues to rise in the morning session,​ in line with other Asian‌ stock markets. This is due to the number of weekly jobless claims ​in⁣ the US being lower than market expectations, which has alleviated concerns about the‍ US‌ economy’s recession. Additionally, the US Federal‌ Reserve’s 0.50% interest rate cut has ended the upward​ interest rate cycle, and the recovery of WTI crude oil futures contract prices ‌has​ supported the energy sector’s rise.

The afternoon⁤ trend is expected ⁤to see a continued ‌increase in market momentum, mainly due to the Fed’s interest rate cut, which is expected to be positive for global financial⁤ costs, particularly⁤ in Asia where financial costs are low. Thai⁢ stocks are considered to be in a cheap ‍zone, which is expected to support foreign capital inflows.

The support ⁤level is⁢ 1,455-1,446 points, and the resistance level is 1,462-1,475 points.

Top 5 Securities ​by Trading‌ Value

• BANPU: ⁢Trading ‍value of 3,027.07 million baht, closed at 7.25 baht, an ​increase of 0.70 baht.
• PTTEP: Trading value of 1,463.68 ⁣million⁤ baht, closed at 140.00⁣ baht, ​an increase of ⁣2.00⁢ baht.
• BDMS: Trading value of 1,388.53 ‌million baht, closed at⁣ 30.50 baht, ​an increase‌ of 0.50 baht.
• KBANK: Trading ‍value of ‍888.54 million baht, closed at 156.50 ⁤baht, ‍a decrease of ⁢0.50 baht.
• EA: Trading value of 803.30 ⁢million baht, closed ⁣at 9.10 baht, an increase of ‍0.15 baht.