Thai Stock‌ Market Closes on a⁢ Positive Note

The Stock Exchange of Thailand​ (SET) closed today at 1,435.53 points, marking an increase of 11.14⁤ points or 0.78%. The trading value reached 61,118.04 million baht.

The market index fluctuated throughout the day, with the highest point at 1,436.80⁢ points⁢ and the lowest ​point at 1,423.20 points.

In terms of securities, 357 stocks increased, 142 decreased, and 179 remained ⁣unchanged.

Market Analysis

According to Mr. Narongdet Chanthapaisarn, Director of ‌Securities Analysis at AIRA Securities, the Thai stock market⁣ adjusted well in ‍line with other Asian markets. Investors‍ are optimistic about the Federal Reserve’s (Fed) interest rate cut, expecting a minimum ​decrease of 0.25%. This indicates that the upward interest rate cycle has passed, and a continuous ​decline‌ is expected, which will positively impact risky ⁢assets.

Additionally, Asian stock markets received support from China’s preparation to announce ⁣major economic ⁤stimulus measures. Domestically, the opening subscription to Vayupak Fund ‌on the first day was well-received.

Tomorrow’s Market Trend

The market has‍ an opportunity to continue rising, with ‌a support level at 1,423 points and a resistance level at 1,444 points.

Top 5 Securities by Trading Value

• EA: Trading ⁢value of 8,248.46 million baht, closed at 10.50 ‌baht, with an increase of 2.40 baht.
• IVL: Trading value of 2,821.28 million baht, closed at 23.90 baht, with an ‌increase ⁢of 2.40 ​baht.
• CPALL: Trading ‍value of 2,167.21 million baht, closed at 65.50 baht, ‍with an increase⁣ of 0.75 baht.
• KBANK: Trading ⁤value​ of 1,718.19 ⁢million baht,‍ closed at 157.50 baht, with no change in‍ price.
• TTB: Trading value of 1,618.62 million baht, closed ​at⁢ 1.96 baht, with⁤ a decrease of 0.60 baht.

By Jirayut Chansongsakul/Sasithorn Simaporn