Market Summary

• SET closed today at 1,436.60 points, up 1.07 points (+0.07%), with a trading value of 54,393.17 million baht.

• The index fluctuated within a narrow range, with the highest point at 1,439.35 points and the lowest point at 1,431.56 points.

• There were 260 securities that increased, 244 securities that decreased, and 170 securities that remained unchanged.

Expert Analysis

Chaiphon Nomphitakcharoen, Managing Director of Securities Trading Division at Bualuang Securities, stated that the Thai stock market fluctuated within a narrow range throughout the day, following the same direction as the Asian stock market. This is due to the market waiting for the outcome of the Federal Reserve (Fed) meeting on interest rate cuts.

The market is heavily influenced by the possibility of the Fed cutting interest rates by 0.50%, causing investors to delay their investments. Additionally, there are no new factors supporting the market in the country, as the market has already received news on economic stimulus measures.

Tomorrow’s Trend

The market is expected to swing sideways, waiting for the Fed meeting, which is an important factor in the direction of stock markets worldwide. The support level is at 1,425 points, and the resistance level is at 1,445 points.

Top 5 Securities by Trading Value

• EA – Trading value fell to 6,540.05 million baht, closing at 9.30 baht, down 1.20 baht.

• AOT – Trading value was 3,466.12 million baht, closing at 64.75 baht, up 2.00 baht.

• BANPU – Trading value was 3,190.17 million baht, closing at 6.50 baht, up 0.25 baht.

• INTRODUCTION – Trading value was 1,754.09 million baht, closing at 259.00 baht, up 3.00 baht.

• PTTEP – Trading value was 1,548.82 million baht, closing at 136.00 baht, down 1.00 baht.

Source: InfoQuest News Agency (17 September 2024)

Tags: SET, SET Index, Chaiphon Nomphitakcharoen, Thai stock market, Thai stocks