Thai stock market conditions: closed down 8.67 points, down by region, supported by profit taking, concerns about the war in the US – strong dollar dragging down the weak baht.

InfoQuest News Group (03 Oct ’24)

SET closed today at 1,442.73 points, down 8.67 points (-0.60%), trade value 57,538.87 million Analysts indicate that the Thai stock market fell today by sector, supported by continued profit making . From concerns about the tense situation in the Middle East and the baht went down from the strengthening dollar Tomorrow’s move is expected to continue to fall in the market, monitoring the strong purchasing power of Vayupak Fund. and US non-agricultural employment numbers to assess the direction of the stock market in the next period, providing support at 1,440-1,425 points and resistance at 1,460-1,464 points.

SET closed today at 1,442.73 points, down 8.67 points (-0.60%), trading value 57,538.87 million baht.

Stock trading today Index changes down by region The lowest point was at 1,440.31 and the highest point was at 1,452.00.

In terms of securities, today’s change increased by 105 securities, decreased by 423 securities, and remained unchanged by 137 securities.

Mr. Thanomsak Saharatchai, Deputy Managing Director and Head of Research at Krungthai Xspring Securities, said that the Thai stock market fell today in line with the Asian stock market. Get a sales force and make continuous profits. Due to concerns, the situation in the Middle East remains very uncertain.

At the same time, the value of the baht weakened. From strengthening the dollar after private sector employment figures at ADP in September increased 143,000 jobs, better than expected by the market, and Mr. Shigeru Ishiba, Prime Minister of Japan. said after consultation with Mr. Kazuo Ueda, Governor of the Bank of Japan (BOJ), that the current economic environment is not suitable for raising interest rates again. As a result the value of the yen decreases.

Tomorrow’s move is expected to see the market continue to decline, with investors still monitoring the Vayupak Fund’s buying power to see if it continues or not. and the publication of non-agricultural employment numbers in the United States this Friday (October 4) to assess the direction of the stock market in the next period.

Keep the support level at 1,440-1,425 points and the resistance level at 1,460-1,464 points.

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

INTUCH trading value 2,916.40 million baht, closed at 95.50 baht, an increase of 4.50 baht.

The trading value of BDMS decreased by 2,669.40 million baht, closed at 29.50 baht, 0.75 baht.

The trading value of CPALL decreased by 2,244.83 million baht, closed at 64.75 baht, 0.50 baht.

The trading value of PTTEP decreased by 2,226.68 million baht, closed at 133.50 baht, 0.50 baht.

AOT trade value 2,225.80 million baht, closed at 64.75 baht, an increase of 0.25 baht.

By Phacharathorn Phumikham/Sasithorn Simaporn