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Thai Stock Market Analysis: January 30, 2024 – What Impacted Today’s Performance?

Thai stocks closed slightly down -3.14 points, analysts pointed out. Thai stocks today fluctuated narrowly throughout the day. The latter has no positive factors affecting the index. Meanwhile, negative factors still include concerns about the results of the Fed meeting and the Fed Chairman’s comments on the trend of lowering interest rates. By evaluating tomorrow’s investment framework, the resistance level is 1,382 points and the support level is 1,370 points. It is recommended to keep an eye on political issues in the country from the scheduled reading of the Constitutional Court’s ruling in the case of the Forward Party’s policy of campaigning to amend Measure 112. Will it amount to the overthrow of the government or not?

The Thai stock market closed for trading on January 30, 2024, dropping -3.14 points or -0.23%, closing at 1,373.14 points, trading value 42,491.74 million baht, while overall stock trading today The index moved sideways in a narrow range. During the day, the index rose to a maximum of 1,378.34 points, while in the opposite direction it dropped to a minimum of 1,370.70 points.
Meanwhile, the number of securities that changed today increased by 224 securities, remained unchanged by 182 securities, and decreased by 242 securities.

In terms of trading volume classified by investor group, it was found that Domestic investors made net purchases of more than 1,171.70 million baht and securities company accounts made net purchases of more than +447.51 million baht. On the other hand, it was found that foreign investors Net buy over -1,396.64 million baht and institutional investors net sell over -222.57 million baht.

As for the securities with the highest trading value, 5 securities
1.PTTEP trading value 1,596.67 million baht, closed at 146.50 baht, decreased 3.00 baht.
2.PTT trading value 1,201.72 million baht, closed at 34.00 baht, decreased 0.50 baht.
3.BJC trading value 1,173.41 million baht, closed at 23.80 baht, an increase of 0.10 baht.
4.TRUE trading value 979.85 million baht, closed at 5.90 baht, decreased 0.05 baht.
5.KTB trading value 961.38 million baht, closed at 16.10 baht, decreased 0.20 baht.
As for the SET100 Index, the five rankings with the most positive price increases are:
1.EA closed at 40.25 baht, an increase of 1.00 baht or 2.55%.
2.MTC closed at 42.75 baht, an increase of 1.00 baht or 2.40%.
3.INTUCH closed at 74.00 baht, an increase of 1.00 baht or 1.37%.
4.DELTA closed at 80.00 baht, an increase of 1.00 baht or 1.27%.
5.EGCO closed at 133.50 baht, an increase of 1.00 baht or 0.75%.
As for the SET100 Index, the five rankings with the biggest price declines are:
1.PTTEP closed at 146.50 baht, down 3.00 baht or 2.01%.
2.SCC closed at 269.00 baht, a decrease of 2.00 baht or 0.74%.
3.CPN closed at 64.50 baht, down 1.25 baht or 1.90%.
4.CRC closed at 34.00 baht, a decrease of 1.00 baht or 2.86%.
5.SAPPE closed at 85.75 baht, down 1.00 baht or 1.15%.

While the SET100 index closed at 1,859.53 points, a decrease of -5.38 points or -0.29%, the SET50 index closed at 838.49 points, a decrease of -2.81 points or -0.33%, and the mai market index closed at 410.43 points, a decrease of -0.43 points or -0.10%.

Mr. Sarawut Techochawalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand), said that the Thai stock market today fluctuated narrowly throughout the day. There are no new factors affecting the index. Meanwhile, the Hong Kong and Chinese stock markets dropped from the issue of the Hong Kong High Court ordering a Chinese company. Evergrande Closing down business and selling assets

In addition, the Thai stock market has not much trading volume. This is because investors are still waiting to follow factors from the US side, such as private sector employment numbers, the results of the Federal Reserve (Fed) meeting, and the Fed Chairman’s comments on the trend of lowering interest rates. The market views the opportunity to reduce interest rates in this round as decreasing. And there will likely be the first interest rate cut in May or June.

Meanwhile, oil prices dropped slightly. Because the conflict situation in the Middle East has not become more severe.

“Tomorrow’s trends Investors are waiting to follow the release of US job opening numbers tonight. which if it does not surge sharply The market probably won’t go anywhere far. And still have to follow the decision of the Constitutional Court in the case of the Kaew Klai Party’s policy of campaigning to amend Measure 112, whether it amounts to subverting the government or not. This may cause the index to swing strongly, providing resistance at 1,382 points and support at 1,370 points,” Mr. Sarawut concluded.

2024-01-30 14:25:00
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