Thai Stocks Soar: Buying Pressure Returns as Market Awaits Vayupak Fund and Year-End Economic Boost

Stock Exchange Closed the morning session at 1,458.00 points, an increase of 2.97 points (+0.20%), trading value about 30,159.90 million baht.

Morning trading The index varied slightly positively. The highest level was 1,460.55 points and the lowest level was 1,449.35 points.

Mr. Wichit Arayapisit, Investment Strategist Liberator Securities said the Thai stock market was slightly positive in the morning. Received buyback pressure after the index fell to a certain level during the correction period. Investors are waiting for new funds to enter the market, especially from the Vayupak Fund, which is expected to start investing in early October. Including economic stimulus measures at the end of the year by the government. in particular to stimulate tourism Meanwhile, the baht is still in the continuous appreciation zone. Most recently at 32.46 baht / dollar, supporting Fund Flow inflows.

In addition, the market also received support from continued positive foreign stock markets. Reaction to US labor sector numbers And US GDP estimates for 2Q24 are both good, along with China continuing to announce measures to stimulate the economy. Monetary and fiscal policies are beneficial to more money flowing into Asia. and it has a positive effect on China’s trading partners as well

The afternoon trend is expected for the market. Try to stand in positive territory. Recommended following the release of US PCE figures this evening. Support is set at 1,450 points and resistance at 1,470 points.

As for the securities with the highest trading value, 5 securities

PTTEP trading value 2,581.99 million baht, closed at 133.50 baht, down 4.00 baht.

EA trading value 2,316.25 million baht, closed at 9.15 baht, an increase of 0.75 baht.

BANPU trading value 1,550.61 million baht, closed at 7.00 baht, an increase of 0.10 baht.

KBANK trading value 1,137.98 million baht, closed at 151.50 baht, down 2.50 baht.

IVL trading value 908.81 million baht, closed at 24.40 baht, price unchanged.

By InfoQuest News Agency (27 September 2024)

Tags: SET , stock market , Thai stock market , Thai stocks