Thai stock market conditions: closed positive at 2.78 points, narrow swing, no new factors, Fund Flow

SET Closed today at 1,463.42 points, an increase of 2.78 points (+0.19%), trading value 41,356.97 million baht.

Stock trading today The index moved down slightly. Most are in positive territory, making the lowest point at 1,456.59 points and the highest point at 1,468.79 points.

In terms of securities, changes today increased by 208 securities, decreased by 240 securities, and remained unchanged by 216 securities.

Mr. Sorapon Weeramethikul, Deputy Managing Director Kasikorn Securities investment strategy team leader said that the Thai stock market today fluctuated within a narrow range, in line with foreign stock markets. This is because there are no new advanced features to support the market. In the short term, Mr. Donald Trump’s votes leading Ms. Kamala Harris caused the 10-year US government bond yield (Bond Yield) to rise to 4.2% and the US dollar to strengthen. This causes the baht to weaken to the region of 33.50-34.00 baht/dollar, causing short-term foreign currency flows. Stock markets in ASEAN, Vietnam, Indonesia, the Philippines and Thailand were sold off.

The trend for next week is that the stock market is still Sideway Down In the short term, the market is still in the correction period. Will have to wait and see after the US presidential election.

Provides a support frame of 1,428-1,444 points, resistance at 1,475 points.

Next week there are 2 things to follow: Reporting the US GDP numbers in 3Q24, which the market is expected to expand by 3%, and gradually reporting the 3Q24 budgets of listed companies in Thailand, at at the same time US technology agencies announced results.

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

GULF trading value decreased by 2,340.48 million baht, closed at 65.75 baht, 0.75 baht.

The trading value of BBL decreased by 2,013.64 million baht, closed at 148.00 baht, 1.00 baht.

SCB trading value 1,598.06 million baht, closed at 115.00 baht, an increase of 1.50 baht.

The trading value of ADVANC decreased by 1,364.80 million baht, closed at 247.00 baht, 1.00 baht.

DELTA trade value 1,281.38 million baht, closed at 136.50 baht, an increase of 1.50 baht.

By Saowalak Phon/Ratchada Kongkhunthian