Thai stock market conditions: Closed 1.58 positive points due to selling pressure and profit pressure. Watch next week.

SET Closed today at 1,470.10 points, an increase of 1,58 points (+0.11%), trade value 60,196.60 million baht Analysts indicate that the Thai stock market is moving in a positive area today. The first period bounced up strongly before finding profit taking in the afternoon, causing the positive period to decrease. The increase was supported by the Vayupak Fund to compensate for foreign sales pressure. and oil prices back Meanwhile, the market is pressuring the Fed to continue cutting interest rates even though US inflation is higher than expected. And wait until China sees more economic stimulus this weekend. The movement for next week is expected to move to the side, pending the results of the meeting. MPCIf there is a signal to cut interest rates, it will have a positive effect on the Thai stock market. and followed the budget of the 3rd quarter of the bank group Ready to provide a support frame of 1,450 points, resistance 1,480 points, the next 1,500 points.

SET closed today at 1,470.10 points, up 1.58 points (+0.11%), trading value 60,196.60 million baht.

Stock trading today The index went up in positive territory. In the afternoon, the positive period decreased, making the highest point 1,482.02 points and the lowest point 1,470.10 points.

In terms of securities changes today, there was an increase of 187 securities, a decrease of 263 securities, and 215 securities unchanged.

Mr. Apichart Phubanjerdkul, Senior Director of CISA, Strategic Research Department, TISCO Securities, said that the Thai stock market today is moving in a positive area. In the evening, there was pressure to take profit, forcing the market to reduce its positive period from the strong rise in the early morning. The increase in the index is seen to be due to the purchasing power of the Vayupak Fund which continues to flow in. Compensate for selling pressure from foreign investors. and oil prices are starting to recover, which is good for the Thai stock market.

In addition, the market is also putting pressure on the Federal Reserve (Fed) to continue cutting interest rates. Although US inflation numbers are higher than expected But interest rate cuts are still being made gradually. The Fed was previously expected to cut interest rates by as much as 0.50%.

While the Chinese stock market fell 2%, there is still hope that China will launch additional measures to stimulate the economy this weekend. China’s Ministry of Finance will hold a press conference on fiscal policy on Saturday.

The trend of the Thai stock market next week is expected to move sideways. The purchasing power of Vayupak money may start to weaken after it bought more than 20 billion baht and the SET index has already improved to a certain level. Including waiting for the results of the meeting of the Monetary Policy Committee (MPC) From the point of view of TISCO, it is expected that the MPC will keep interest rates But the MPC committee could be separated. Or signal that there is a chance to lower interest rates in the next period. The MPC’s statement must be followed. If there is a chance to lower interest rates, it will support the Thai stock market to continue rising.

And next week, the banking group will gradually start announcing budgets for the 3rd quarter of 2024, especially at the end of the week. First, the banking group’s operating results are expected to be stable both QoQ and YoY.

Ready to give the index framework for the next week, support at 1,450 points, resistance at 1,480 points and the next 1,500 points.

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

PTT trading value 4,074.32 million baht, closed at 34.25 baht, an increase of 0.75 baht.

GULF trade value 3,459.99 million baht, closed at 64.75 baht, an increase of 2.00 baht.

KTB trade value 2,880.40 million baht, closed at 21.60 baht, an increase of 0.50 baht.

DELTA trade value 2,587.29 million baht, closed at 117.00 baht, an increase of 1.00 baht.

KBANK trading value 2,526.27 million baht, closed at 154.00 baht, an increase of 1.50 baht.

By Saowalak Ponphon/Sasithorn Simaporn