Thai Stock Market SET Index Falls 2.11% Amid Global Economic Concerns

SET Closed today at 1,366.94 points, down 29.44 points (-2.11%), trade value 62,3396.97 million baht.

Stock trading today The index fell sharply, reaching a low of 1,363.44 points and a high of 1,380.12 points.

In terms of securities, changes today increased by 62 securities, decreased by 481 securities, and remained unchanged by 121 securities.

Mr. Sorapon Weeramethikul, Deputy Managing Director Kasikorn Securities investment strategy team leader said that the Thai stock market today fell sharply by about 30 points, in line with international markets that fell during Thailand’s long holiday. The yield on US government bonds (bond yields) rebounded sharply after the release of key US economic figures which were very positive. Lower expectations that the US Federal Reserve (Fed) will cut interest rates from the initial expectation that they will be cut 4 times this year could be reduced to as much as 2 times and the Fed was previously expected to cut interest rates for the first time. in March.

Including the issue of conflict in the Middle East between Israel and Iran, again erupting into violence. This led to a rebound in commodity prices and an increase in industrial production costs. In addition, there is concern that inflation will rise accordingly. As a result, the Fed may not be able to lower interest rates in the medium term. From various issues, the stock market enters a state of danger in the short term.

Tomorrow’s market movement: the index has a chance to go back but it is not strong. It is within a range of 1,355 support points and 1,375 resistance points Issues to watch include the development of the war in the Middle East. At the same time, in the country, the payment of the government budget continued.

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

PTTEP trading value 4,124.35 million baht, closed at 164.00 baht, an increase of 6.00 baht.

The trading value of CPALL decreased by 3,786.06 million baht, closed at 55.00 baht, 2.00 baht.

The trading value of SCB decreased by 2,835.00 million baht, closed at 106.00 baht, 9.50 baht.

DELTA’s trading value decreased by 1,751.19 million baht, closing at 71.50 baht, 4.75 baht.

ADVANC’s trading value decreased 1,722.76 million baht, closed at 199.50 baht, 2.50 baht.