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.