Thai stock closed 7.49 points, foreigners have not yet returned to buy – budget Tha Co., Ltd worse than expected. Track US retail sales – Thailand’s GDP : InfoQuest

SET closed today at 1,442.63 points, down 7.49 points (-0.52%), trading value around 48,885.78 Analysts indicate that the Thai stock market continues to decline today. Still haven’t seen foreigners coming back to buy after the baht continues to go down. And the Fed chairman said he is in no rush to cut interest rates to support the strengthening dollar. Including 3Q24 operating results being lower than expected and the market’s P/E already expensive from continuously changing EPS forecasts for this year and next year. Next week, expect to be moving sideways in the field. Wait for US retail sales numbers and Thai GDP numbers to provide support at 1,400 points and resistance at 1,460 points.

SET closed today at 1,442.63 points, down 7.49 points (-0.52%), trading value around 48,885.78 baht.

Stock trading today The index oscillates within a narrow range. The lowest point was at 1,436.79 and the highest point was at 1,458.32.

In terms of securities changes today, there was an increase of 138 securities, a decrease of 368 securities, and 150 securities unchanged.

Mr. Watan Jitsomnuek, Director of Strategic Analysis, Phai Securities He said that the Thai stock market has gone down today, mainly because we have not yet seen a flow of foreign capital coming back to buy Thai stocks. As of yesterday, foreigners sold more than 3 billion baht, and the baht continued to depreciate. In addition, a statement from the chairman of the Federal Reserve (Fed) came out indicating that the Fed is not in a hurry to cut interest rates. Supporting the dollar to strengthen

In addition, the results of the 3rd quarter of 2024 of most of the listed companies were not good. or worse than expected Therefore, it is not a factor that supports the market, including P/E, the market is already expensive after the EPS forecast for the year this and next year to be reduced regularly.

Next week’s market trend is expected to be sideways. Waiting for US retail sales figures, the market expects to grow 0.3% MoM, affecting foreign capital. If it is better than expected, money will continue to flow to the United States. But if it turns out bad, it will support stock markets in Asia a little, but not much. While on Monday after the 3Q24 Thailand GDP announcement, the market expected it to be 2.5% YoY, if it was better than expected it would be a support for Thai stocks.

The support is 1,400 points and the resistance is 1,460 points.

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

DELTA’s trading value decreased by 3,058.61 million baht, closing at 163.50 baht, 1.50 baht.

GULF’s trading value decreased by 2,688.98 million baht, closed at 61.00 baht, 3.50 baht.

The trading value of BH decreased by 2,660.94 million baht, closed at 207.00 baht, 3.00 baht.

CCET trading value 2,519.46 million baht, closed at 9.20 baht, an increase of 1.05 baht.

The trading value of CPALL decreased by 2,067.69 million baht, closed at 63.75 baht, 0.75 baht.

By InfoQuest News Group (15 Nov ’24)

Tags: Wattan Jitsomnuk, Thai stock