Home » Business » Thai Stock Market Recovers with SET Closing at 1,377.94 Points, Increase of 7.60 Points – Analysis and Forecast

Thai Stock Market Recovers with SET Closing at 1,377.94 Points, Increase of 7.60 Points – Analysis and Forecast

SET closed today at 1,377.94 points, an increase of 7.60 points (0.55%), trading value 26,482.01 million baht.

Today’s stock trading saw the index recover, with the index hitting a low of 1,371.17 points and a high of 1,378.46 points.

As for securities, changes today increased by 232 securities, decreased by 233 securities, and remained unchanged by 190 securities.

Mr. Kornphat Worachet, Director of Research and Investment Services at Krungsri Patanasin Securities, said that the Thai stock market has recovered today from yesterday due to factors weighing on the expiration of futures contracts. Meanwhile, foreign investors continue to purchase Thai government bonds. It is expected that the Monetary Policy Committee (MPC) will reduce interest rates to support the baht’s appreciation to 36.395 baht/dollar from 36.534 baht/dollar in the morning. Viewed as positive psychology for the SET, there is a chance of seeing fund flows. Buy stocks just like bonds.

Next week’s outlook sees the market gradually recovering after falling into the current zone, a good place to invest. Tonight, we recommend following the report on the Personal Consumption Expenditures (PCE) Price Index report for February in the United States. Pointing out the direction of inflation and interest rates in the United States.

Keep the support level at 1,370-1,363 points and the resistance level at 1,393-1,400 points.

As for the securities with the highest trading value, 5 securities

DELTA trading value 1,114.49 million baht, closed at 74.50 baht, an increase of 2.25 baht.

PTTEP trade value 1,039.98 million baht, closed at 153.00 baht, an increase of 4.00 baht.

BTS trading value 860.96 million baht, closed at 5.65 baht, an increase of 0.05 baht.

KTB trading value 710.34 million baht, closed at 17.00 baht, an increase of 0.20 baht.

AOT trading value 638.53 million baht, closed at 65.50 baht, an increase of 0.25 baht.

2024-03-29 11:00:07
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