Home » Business » Thai Stock Market Analysis: SET Expected to Rebound Above 1,400 Points After Songkran Holiday

Thai Stock Market Analysis: SET Expected to Rebound Above 1,400 Points After Songkran Holiday

Editor’s Picks, Stock News17:13 2024-04-11

SET closed today at 1,396.38 points, down 11.79 points (-0.84%), trading value 42,977.84 million baht. Analysts Indicates that the Thai stock market fluctuates negatively according to region. and encountered strong selling pressure to reduce risk before entering the long Songkran holiday Expected to open next week, April 17, expecting the SET to return to above 1,400 points, hoping the Thai economy will continue to recover – measures to raise confidence in the capital market are gradually coming out to reinforce the support level at 1,390 points and the resistance level at 1,420-1,430 points.

SET closed today at 1,396.38 points, down 11.79 points (-0.84%), trading value 42,952.35 million baht.

Stock trading today The index fluctuates negatively. The lowest point was 1,394.71 points and the highest point was 1,406.77 points.

As for securities, today’s change increased by 156 securities, decreased by 300 securities, and remained unchanged by 199 securities.

Mr. Kornpat Worachet, Director of Research and Investment Services at Krungsri Patanasin Securities, said that the Thai stock market today fluctuates negatively. In line with other stock markets in Asia. Received pressure from the rate of US government bond yields (Bond Yields) accelerating, together with in the afternoon facing selling pressure to reduce the position – reduce risk before entering the long holiday for many times during the Songkran festival.

However, it is believed that the Thai stock market will gradually improve. Continuous recovery It is suggested that this is an opportunity to buy stocks until after Songkran. Because it is seen that the Thai economy is accelerating step by step. And there will be measures to gradually improve confidence in the capital market, especially Hearing, adding a mechanism to check short sells and placing HFT orders so that they are not too fast, which will be completed on April 21.

Next week, the Thai stock market will open on Wednesday, April 17. It is believed that the SET has a chance to return to above 1,400 points, with support at 1,390 points and resistance at 1,420-1,430 points.

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

BBL trading value 2,811.17 million baht, closed at 144.50 baht, an increase of 2.00 baht.

SCB trading value 2,808.34 million baht, closed at 115.50 baht, price unchanged.

KTB trading value 1,629.92 million baht, closed at 17.10 baht, an increase of 0.20 baht.

KBANK trading value 1,589.75 million baht, closed at 126.50 baht, an increase of 0.50 baht.

PTTEP trading value 1,455.28 million baht, closed at 158.00 baht, decreased 1.00 baht.

By InfoQuest News Agency (11 April 2024)

Tags: stock market, Thai stocks

2024-04-11 10:13:10
#Thai #stocks #closed #points #falling #negative #fluctuations #regions #selling #reduce #risk #long #Songkran #holiday #InfoQuest

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