Thai Stock Market Closes at 11,454.84 Points, Up 1.33%

The Thai stock market closed today at 11,454.84 points, a 1.33% increase from the previous day, with a trading value of approximately 67,697.79 million baht.

The market’s highest point was 11,454.84 points, while the lowest point was 11,436.14 points. A total of 382 securities saw an increase, 123 securities decreased, and 162 securities remained unchanged.

Market Analysis

According to Chaiphon Nomphitakcharoen, Managing Director of the Securities Trading Department at Bualuang Securities, the Thai stock market’s increase is in line with the direction of regional stock markets and Dow Jones futures, which remain positive.

The US Federal Reserve’s decision to cut interest rates to 0.50% has also supported the market, particularly in emerging countries. Thailand’s stock market has seen strong buying of large stocks that have benefited positively from the drop in interest rates, especially in the electronic components, power plants, and retail sectors.

Tomorrow’s Market Trend

Tomorrow’s market trend is expected to be sideways, with investors keeping a close eye on the Bank of Japan’s (BOJ) meeting to determine interest rates. This decision will likely affect the regional stock market and the yen, as well as the US dollar.

Resistance levels are expected to be around 1,460-1,465 points, while support levels are expected to be around 1,435-1,440 points.

Top 5 Securities by Trading Value

• EA: trading value of 2,857.30 million baht, closed at 8.95 baht, down 0.50 baht.
• KBANK: trading value of 2,711.76 million baht, closed at 157.00 baht, price unchanged.
• DELTA: trading value of 2,465.40 million baht, closed at 108.50 baht, an increase of 4.50 baht.
• BBL: trading value of 2,395.21 million baht, closed at 155.00 baht, price unchanged.
• CPALL: trading value of 2,112.05 million baht, closed at 64.75 baht, an increase of 1.00 baht.

By Jirayut Chansongsakul/Sasithorn Simaporn