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