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Thai Stock Market Rebounds on Political Expectations: SET Index Closes at 1,487.95 Points

The SET closed this morning at the closing level this morning of 1,487.95 points, an increase of 21.02 points (+1.43%), trading value of approximately 28,647 million baht. Revealed that the Thai stock market this morning rebounded strongly in response to domestic political expectations after the Kao Kao Party and Pheu Thai Party made an appointment to return to the negotiating table this Sunday before the House of Representatives meet early next week. And believe there is a chance of window dressing. The afternoon market trend may find some profit taking pressure. Resistance is 1,490 points and support is 1,475 points.

SET Closed this morning at 1,487.95 points, an increase of 21.02 points (+1.43%), with a trading value of approximately 28,647 million baht.

morning trading The index oscillated in the first trading hours and rebounded sharply. Made a high of 1,488.10 points and a low of 1,461.61 points.

Mr. Sarawut Techochavalit, senior director of securities analysis, RHB Securities (Thailand), said that the Thai stock market this morning rebounded from continuing to decline. The issue that the market focuses on is mainly domestic politics. Most recently, the Kao Klai Party held a meeting of 8 joint parties on Sunday, July 2, before opening the House of Representatives early next week. After postponing from June 29, the market expects that the Kao Klai Party and the Pheu Thai Party will negotiate and should return to join hands to form a government according to the agreement after news of the fight for the position of Speaker of the House. but deep inside may agree

And today and tomorrow, we believe that there will be window dressing of the fund. In June, the market has already dropped 7-8%, while the TIP market has dropped less than 1% and the futures series market. The S50M23 will expire, while the factor that the US Federal Reserve (Fed) will raise interest rates twice, the market has already realized a lot.

Trends this afternoon, the market may face some profit taking after rising to a certain level. because there is still no confidence in domestic politics with resistance at 1,490 points, support at 1,475 points

The securities with the highest trading value of the 5 securities

KBANK, trading value 2,163.44 million baht, closed at 128.50 baht, an increase of 1.00 baht

PTT trading value 1,663.27 million baht, closed at 32.50 baht, an increase of 1.25 baht.

BDMS trading value 1,357.86 million baht, closed at 27.50 baht, down 0.25 baht.

BBL, trading value 949.20 million baht, closed at 157.50 baht, an increase of 2.00 baht

TTB trading value 824.41 million baht, closed at 1.54 baht, an increase of 0.01 baht.

2023-06-29 05:49:47
#Thai #stock #market #conditions #close #morning #expecting #political #negotiations #window

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