Thai Stock Market Situation: A Narrow Swing

The Thai stock market closed today at 1,435.77 points, down 0.83 points (-0.06%), with a trading value of 56,568.28 million baht.

The market fluctuated within a narrow range, with the highest point at 1,446.52 points and the lowest point at 1,432.91 points.

In terms of changes in securities, 238 securities increased, 253 securities decreased, and 175 securities remained unchanged.

Expert Analysis

Mr. Wathan Jitsomnuk, Director of Strategic Analysis at Phai Securities, stated that the Thai stock market’s narrow swing is similar to other Asian markets, as investors await the results of the Federal Reserve (Fed) meeting and the potential interest rate cut.

Regarding market trends, there is a possibility of a downward adjustment tomorrow, depending on the Fed’s decision. A 0.50% interest rate cut may not have a positive impact on the market, as it could indicate a significant slowdown in the US economy. On the other hand, a 0.25% cut may lead to selling pressure to take short-term profits, but it would confirm that the US economy is not slowing down significantly.

Key Levels

The support level is at 1,420 points, and the resistance level is at 1,445 points.

Top-Traded Securities

• EA: Trading value of 4,790.74 million baht, closed at 9.45 baht, up 0.15 baht.
• KBANK: Trading value of 3,199.78 million baht, closed at 157.00 baht, down 1.00 baht.
• BBL: Trading value of 2,898.76 million baht, closed at 155.00 baht, down 3.50 baht.
• CPALL: Trading value of 2,126.99 million baht, closed at 63.75 baht, down 1.50 baht.
• AOT: Trading value of 2,089.85 million baht, closed at 64.25 baht, down 0.50 baht.

By Phacharathorn Phumikham/Ratchada Kongkhunthian