Summary of Thailand stock market trading conditions on January 30, 2023, last Monday. The index moved within a frame of +,- 5 points, with selling pressure on banking stocks. Although buying pressure from DELTA stocks affected the index by +2.6 points, with investors eyeing the Federal Reserve’s midweek monetary policy meeting. As a result, the SET Index closed at 1,681.22 points -0.08 points +0.00% trading value of 54,952.17 million baht.
The 5 most traded securities are:
1. BBL, trading value 2,566 million baht (-1.50, -0.92%)
2. KBANK, trading value 2,388 million baht (-1.50, -1.02%)
3. BANPU, trading value 2,022 million baht (-0.30, -2.44%)
4. DELTA, trading value 1,915 million baht (+26.00, +2.98%)
5. ADVANC, trading value 1,726 million baht (-2.50, -1.25%)
The index has retraced for the 16th consecutive day without breaking the 1670-1690 range, while another movement of the MACD and the RSI signal a correction. In addition, large caps began to rest as a sign of a slowdown. It is recommended to reduce positions at the resistance level of 1686-1690 points.
Recommendation: Reduce the position on the resistance 1,686-1,690 points, reduce the position.
Globlex securities Co., Ltd.
