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Thai Inventory Market Forecast: Anticipate Market to Check 1,400 Factors within the Coming Weeks

Thai inventory closed +4.96 factors. Reveals the long run image for the 2nd and third quarter, which is recovering step by step in line with the financial information Subsequent week, anticipate the market to check 1,400 factors after efficiently standing above the extent of 1,380 1,385-1,395 factors.

The Thai inventory market closed for buying and selling on Could 17, 2024, growing +4.96 factors or +0.36%, closing at 1,382.68 factors, buying and selling worth 40,241.23 million baht, whereas the full inventory traded in the present day The report -aim shifting to a optimistic space. Through the day it rose to a most of 1,384.82 factors, alternatively it fell to a minimal of 1,376.79 factors.

On the identical time, the variety of securities that modified in the present day elevated by 276 securities, remained unchanged by 190 securities, and decreased by 199 securities.

When it comes to buying and selling quantity labeled by investor group, it was discovered international traders web purchases of greater than +831.68 million baht and institutional traders web purchases of greater than +577.54 million baht Then again, it was that discovered Gross sales of home traders greater than -885.51 million baht.

As for the securities with the best buying and selling worth, 5 securities
1.CPALL commerce worth decreased 1,773.30 million baht, closed at 59.00 baht, 0.25 baht.
2.DELTA transaction worth 1,268.75 million baht, closed at 76.75 baht, a rise of 1.75 baht.
3.KBANK transaction worth 1,124.48 million baht, closed at 134.00 baht, a rise of 0.50 baht.
4.AOT transaction worth 988.71 million baht, closed at 67.00 baht, a rise of 1.00 baht.
5.HANA transaction worth 988.26 million baht, closed at 41.25 baht, a rise of 1.00 baht.

Whereas the SET100 index closed at 1,884.07 factors, a rise of seven.98 factors or 0.43%, the SET50 index closed at 853.89 factors, a rise of three.74 factors or 0.44%, and the market index closed at 384.27 factors, a rise of 0.61 factors. or 0.16%.

Mr. Narongdet Chanthapaisarn, Director of Securities Evaluation, AIRA Securities, stated that the Thai inventory market has a great route in the present day. We obtained good outcomes for the first quarter of 2024. Along with the pattern of earnings within the 2nd and third quarters which can be step by step recovering, equivalent to shares within the digital elements group equivalent to DELTA and teams petrochemicals equivalent to improved PTTGC.

Whereas the 1Q24 outcomes got here out good, Bloomberg has estimated this 12 months’s EPS at 94-96 baht, representing a P/E that’s nonetheless beneath common. Exhibiting Thai inventory valuation has grow to be extra attention-grabbing.

“Subsequent week, the market is predicted to proceed to maneuver sideways into optimistic territory. Anticipate to substantiate 1,400 factors after efficiently standing above the 1,380 level stage. Mr. Narongdej completed.

2024-05-17 10:50:00
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