Thai stock market situation: closed negative 7.54 points, still standing above 1,400, selling pressure from AOT-tourism group pressure.

SET closed today at 1,406.61 points, down 7.54 points (-0.53%), trading value 40,407.66 million baht. Analysts Indicates that the Thai stock market dropped today due to pressure from AOT stocks falling due to concerns about Chinese tourists recovering more slowly than expected. And the extension of time to help the King Power group may affect profits. Dragging down tourism stocks as well. Tomorrow’s trend expects the market to swing sideways without new supporting factors, with support at 1,400 points and resistance at 1,420 points.

SET closed today at 1,406.61 points, down 7.54 points (-0.53%), trading value 40,407.66 million baht.

Stock trading today The index is swinging sideways in negative territory. The index made a low point of 1,400.48 points and a high point of 1,415.02 points.

As for securities, today’s change increased by 195 securities, decreased by 236 securities, and remained unchanged by 211 securities.

Mr. Chanchai Phantathanakit, Director of Research at Maybank Securities (Thailand), said that the Thai stock market dropped today. The main pressure was from AOT shares falling more than 5% with a trading value of over 11 billion baht. Investors were concerned that the number of Chinese tourists was recovering more slowly than expected. And the issue of extending the period for remuneration payments to the King Power group may affect profits in this year’s period. The decline of AOT shares caused almost the entire group of tourism stocks to decline as well.

Tomorrow’s trend is expected that the index will swing sideways. There are still no positive factors to support it. Because tonight the US stock market is closed for Thanksgiving. And trading will open for only half a day tomorrow (24 Nov.). In addition, there are no new issues arising from external factors.

The support level is 1,400 points and the resistance level is 1,420 points.

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

AOT trading value 11,485.09 million baht, closed at 62.25 baht, decreased 3.75 baht.

CPALL trading value 1,197.42 million baht, closed at 55.50 baht, decreased 0.50 baht.

PTT trading value 1,121.74 million baht, closed at 34.25 baht, decreased 0.50 baht.

COM7 trading value 890.27 million baht, closed at 23.50 baht, an increase of 0.40 baht.

BDMS trading value 879.05 million baht, closed at 26.50 baht, price unchanged.