stock marketthe morning session closed at 1,467.75 points, an increase of 14.97 points (+1.03%), trading value of about 25,469 million baht.
In morning trading, the index reached a high of 1,471.08 points and a low of 1,458.91 points.
Mr. Wathan Jitsomnuek, Director of Strategic Analysis, Pye Securities, said that the Thai stock market bounced in the morning after a sharp correction in the past due to the “Trump” Effect phenomenon and the budgets of Thai listed companies were not 3Q24 good. , while the dollar began to depreciate. As a result, the value of the baht will return to strength, encouraging foreign capital to flow back into investment. In addition, the Thai economy in 3Q24 may grow as high as 3% with improved momentum. Taking us into the 4th quarter of 2024, with continued growth expected around 3-4%.
In addition, Thai stock valuation is not expensive unless you include DELTA stock.
Afternoon market outlook It should continue to fluctuate in a positive zone, with support at 1,460 points and resistance at 1,475 points.
As for the securities with the highest trading value, 5 securities
CCET trade value decreased by 1,847.02 million baht, closed at 9.30 baht, 0.45 baht.
EA trade value 1,402.53 million baht, closed at 6.45 baht, an increase of 0.65 baht.
DELTA trade value 1,186.43 million baht, closed at 168.50 baht, an increase of 4.00 baht.
PTTEP trading value 949.04 million baht, closed at 128.50 baht, an increase of 5.00 baht.
KBANK trading value 940.48 million baht, closed at 149.50 baht, an increase of 0.50 baht.
By Phacharathorn Phumikham/Ratchada Kongkhunthian
2024-11-19 05:44:00
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How might changes in global market conditions influence the future performance of Thai stocks, particularly in the context of foreign investment?
1. Could you provide some insights into the current state of the Thai stock market and the factors contributing to its recent performance?
2. How do you assess the impact of the “Trump Effect” and the budget performance of Thai listed companies on the market’s correction in the past?
3. What role does the depreciation of the US dollar play in the recent increase of the Thai baht and the influx of foreign capital into the market?
4. Given the improved economic growth forecast for Q3 2024 and the expected positive momentum continuing into Q4, how do you predict the direction of the stock market in the coming months?
5. Can you explain why securities such as CCET, DELTA, PTTEP, and KBANK have experienced significant trading volumes recently, and what might be the potential implications for their future performances?
6. Some analysts argue that Thai stock valuation is not expensive overall; however, there might be specific exceptions like DELTA stock. Could you elaborate more on this discrepancy and its potential impact on investors?
7. As the director of strategic analysis at Pye Securities, what strategies would you recommend to investors who are looking to navigate through this volatile market?
8. With the morning session finishing at 1,467.75 points, an increase of 14.97 points (+1.03%), what are some indicators or metrics that investors should be monitoring closely to make informed decisions about their investments?
9. How do you think government policies, such as fiscal stimulus or monetary policy adjustments, might affect the future trajectory of the Thai stock market?
10. In your opinion, what are some challenges or potential risks that the Thai stock market faces in the coming year, and how can these be mitigated?
