InfoQuest News Group (20 Nov ’24)
SET closed today at 1,462.48 points, an increase of 2.37 points (+0.16), trade value 34,727.84 million Analysts It appeared that the Thai stock market today is very quiet, similar to stock markets around the world. After an increase of more than 20 points, supported by the weakened dollar. But no new factors have been added yet. While investors are watching Nvidia’s budget tonight, it has caused the market to cool down. And the baht has started to depreciate, adding to the sentiment that tomorrow’s move is expected for the market. Still not far to go, waiting for new factors, support at 1,450 points and resistance at 1,470 points.
SET closed today at 1,462.48 points, an increase of 2.37 points (+0.16), trading value 34,727.84 million baht.
Stock trading today The index was mostly changing in a negative area, going back at the end of the market. The highest point was 1,462.77 points and the lowest point was 1,454.69.
In terms of securities, today’s change increased by 142 securities, decreased by 319 securities, and remained unchanged by 199 securities.
Mr. Watan Jitsomnuk, Director of Strategic Analysis, Phai Securities, said that the Thai stock market today is very quiet, similar to stock markets around the world. After an increase of more than 20 points, benefiting from the weakened dollar. There are no new features that add additional support. Investors are still waiting to follow the publication of Nvidia’s earnings results tonight, causing the market to moderate a bit. Including the baht starting to depreciate, putting a lot of pressure on investment sentiment.
Tomorrow’s market movements Not far to go yet As we wait for new factors to come in, the support level is 1,450 points and the resistance level is 1,470 points.
As for the securities with the highest trading value, 5 securities
DELTA trade value 2,366.12 million baht, closed at 173.50 baht, an increase of 8.00 baht.
GULF trade value 1,564.75 million baht, closed at 63.00 baht, an increase of 0.75 baht.
CCET trade value 1,517.62 million baht, closed at 9.25 baht, an increase of 0.55 baht.
INTUCH trade value 1,479.91 million baht, closed at 98.75 baht, price unchanged.
EA trade value decreased 1,188.36 million baht, closed at 6.25 baht, 0.15 baht.
By Saowalak Phon/Sasithorn Simaporn
2024-11-20 10:19:00
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Good afternoon, and welcome to World Today News. Today, we are joined by two esteemed guests to discuss the current state of the Thai stock market. Mr. Somchai Topdee, an expert analyst at Phangan Securities, and Mr. Kriangkrai Singhanart, a portfolio manager at Chonburi Asset Management. Thank you both for joining us today.
Mr. Somchai, let’s begin with you. Can you share your insights on the Thai stock market performance today? How did it manage to close at 1,462.48 points, up 2.37 points (+0.16), with a trading value of 34,727.84 million baht? What factors contributed to this positive outcome, and how does it compare to global markets?
Mr. Kriangkrai, you mentioned that the market has been quiet with little to no new factors adding support. As an experienced portfolio manager, what do you think could be the possible reasons behind this? How do you predict the market will move in the coming days, considering the expected Nvidia earnings results tonight and the depreciation of the Thai baht?
Moving on to Mr. Somchai, with the SET index experiencing volatility throughout the day, how do you assess the strength of the bullish trend? Do you foresee any potential challenges or opportunities that investors should be aware of?
Mr. Kriangkrai, what are some of the crucial securities that investors should pay attention to, considering their high trading volume? How do you evaluate their potential for long-term stability and growth?
Mr. Somchai, with the market closing so close to key support and resistance levels, how should investors approach their investment strategies in the coming days? Are there any sectors or industries that they should prioritize?
