The SET closed this morning at 1,658.08 points, an increase of 10.69 points (+0.65%), trading value of approximately 37,461 million baht. Reveals that the Thai stock market has risen on speculation. DELTA pushes the index by 7-8 points in response to the par split – performance is better than expected. and buying back stocks that were sold heavily whole energy group Medium-small stocks and the JMART group advised to keep an eye on US inflation, expecting the Fed to raise interest rates 3 times continuously to 5.50% from the previous forecast of 5.00-5.25%, causing foreign capital outflows. The afternoon trend is expected to decline and may see DELTA selling pressure after it has risen to a very high price. Support 1,645 points, resistance 1,660 points.
The SET closed this morning at 1,658.08 points, an increase of 10.69 points (+0.65%), with a turnover of approximately 37,461 million baht.
stock trading this morning The index rose throughout the morning. Made a high of 1,658.85 points and a low of 1,648.99 points.
Mr. Benjapol Suthavanich, senior director of securities analysis, UOB Kay Hian Securities (Thailand) said that the Thai stock market this morning The market picture is up, affected by speculation on DELTA stocks that affect the index by 7-8 points and change groups. by groups with strong buying back stocks, groups with heavy selling pressure previously both energy stocks Medium and small stocks, JMART stocks
in line with the view of UOB who recommend investing during this period, find Laggard stocks and low valuation stocks by choosing stocks with poor performance in Q4/22, but the outlook for Q1-2 in 2023 is better, able to invest, such as IRPC, PTTGC, OR and power plant stocks such as GPSC, BGRIM, GULF
and advised to keep an eye on US inflation Latest in January, plus 6.4% higher than expected, giving the opportunity for the US Federal Reserve (Fed) to raise interest rates to 5.50% from the original expectation of 5.00-5.25% in 3 meetings in March, May. Oct. and June will increase by 0.25% and there is a possibility that interest rates may not end at the end of 23.
As interest rates rise, foreign capital has the opportunity to move out. Therefore, the selling pressure of foreign investors will still be seen. And foreigners open more short, which is not good for the stock market. Causing the SET Index frame in the first quarter of 2023 to swing between 1,630-1,670 points, with limited upside. and more downsides Therefore should be careful when investing.
Afternoon trend sees that the market may shrink from DELTA profit taking, which is concerned about high valuation and the price has surged in response to the parsing, which should be difficult to continue, providing support at 1,645 points and resistance at 1,660 points.
5 securities with the highest trading value
DELTA trading value 5,377.01 million baht, closed at 980.00 baht, an increase of 76.00 baht
OSP, trading value 1,558.51 million baht, closed at 31.25 baht, an increase of 2.50 baht
KBANK, trading value 1,271.04 million baht, closed at 139.50 baht, a decrease of 2.00 baht.
JMT trading value 1,239.52 million baht, closed at 45.75 baht, an increase of 3.00 baht.
EA trading value 1,024.06 million baht, closed at 84.00 baht, a decrease of 2.50 baht.
