Thai Stocks Surge Ahead of Fed Meeting: Will the Rally Continue
- The morning session closed at 1,439.35 points, an increase of 2.75 points (+0.9%), with a trading value of around 31,284.33 million baht.
- The index rose within a limited range, with the highest level at 1,446.52 points and the lowest level at 1,436.79 points.
- Natthaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), the Thai stock market rose within a limited range in the morning, awaiting the results of the United...
Thai Stock Market Closes at 1,439.35 Points, Awaiting Fed Meeting Results
Market Performance
The morning session closed at 1,439.35 points, an increase of 2.75 points (+0.9%), with a trading value of around 31,284.33 million baht.
The index rose within a limited range, with the highest level at 1,446.52 points and the lowest level at 1,436.79 points.
Market Analysis
According to Mr. Natthaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), the Thai stock market rose within a limited range in the morning, awaiting the results of the United States Federal Reserve (Fed) meeting.
Domestically, the medical sector is expected to continue growing, with communications and retail stocks receiving government measures to stimulate consumption.
The afternoon trend expects the market to fluctuate in a narrow range, with support set at 1,435 points and resistance at 1,446 points.
Top-Traded Securities
- EA: trading value of 3,478.85 million baht, closed at 9.40 baht, an increase of 0.10 baht.
- BBL: trading value of 1,314.84 million baht, closed at 155.00 baht, down 3.50 baht.
- AOT: trading value of 1,296.38 million baht, closed at 64.00 baht, down 0.75 baht.
- KBANK: trading value of 1,076.59 million baht, closed at 157.50 baht, decreased 0.50 baht.
- CPALL: trading value of 987.97 million baht, closed at 64.25 baht, 1.00 baht.