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Thai Stock Market Recovers After Political Progress and Fed Meeting Report – SET Trading Update and Top Securities

Editor’s Picks, Stock News17:13, 2023-08-16

The SET closed today at 1,519.56 points, down 1.17 points (-0.08%), trading value of 59,402.80 million baht. revealed that the Thai stock market recovered in the afternoon After the Constitutional Court did not accept the ruling, the nomination for the Prime Minister was repeated. Making the Prime Minister’s vote continue After this, follow up with the Speaker of the National Assembly to set the date for the Council meeting to vote on the Prime Minister. The market trend will continue to recover tomorrow. after more progress in politics Including tonight, follow the Fed meeting summary report. It is expected that the dollar will recover. which will slow down the outflow of foreign capital, providing a resistance range of 1,525 – 1,530 points and a support level of 1,515 points.

The SET closed today at 1,519.56 points, down 1.17 points (-0.08%), trading value 59,402.80 million baht.

stock trading today negative movement index But in the afternoon, reduce the negative period. The index made a high of 1,521.41 points and a low of 1,506.00 points.

As for securities, today’s change increased 198 securities, decreased 294 securities, and 146 securities remained unchanged.

Mr. Natthaphon Khamthakrua, Director of Securities Analysis Department of Yuanta Securities (Thailand), said that the Thai stock market today in the afternoon has recovered. After the Constitutional Court rejected the ruling, the Prime Minister’s nomination was repeatedly voted in the same session. allowing the Prime Minister’s vote to continue After this, it depends on when the Speaker of the National Assembly will set the date for the Prime Minister’s Meeting, causing the market to recover.

tomorrow’s market trends Expect to see further recovery Because politics has made more progress. Should see a rebound to test the area of ​​1,525 – 1,530 points, including tonight, following the Federal Reserve meeting report (Fed) is expected to cause the dollar to rest down. This will help slow down the outflow of foreign capital that later returned to sell the Thai stock market.

with resistance 1,525 – 1,530 points, support 1,515 points

The securities with the highest trading value of the 5 securities

HANA, trading value 5,062.14 million baht, closed at 59.75 baht, an increase of 7.50 baht

CPALL trading value 2,081.49 million baht, closed at 62.50 baht, an increase of 0.50 baht.

KBANK, trading value 2,032.28 million baht, closed at 126.50 baht, a decrease of 0.50 baht.

PTTEP trading value 1,871.27 million baht, closed at 160.50 baht, a decrease of 1.00 baht.

AOT trading value 1,843.43 million baht, closed at 70.25 baht, down 0.50 baht.

By InfoQuest News Agency (16 Aug. ’23)

Tags: SET, Thai stock market, Thai stocks
2023-08-16 10:16:32
#Thai #stocks #closed #points #afternoon #recover #Political #progress #Constitutional #Court #repeatedly #rejected #petition #vote #Prime #Minister #InfoQuest

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