Editor’s Picks, Stock News17:16 2024-01-31
SET closed today at 1,364.52 points, down 8.62 points (-0.63%), trading value 48,924.36 million baht. Analysts Given that the Thai stock market is swinging down today The afternoon fell sharply after the Constitutional Court ruled that the Kaew Klai Party’s proposed amendment to Section 112 amounted to subverting the government. But when there was still no order to dissolve the party, the index tried to rebound slightly. But it remains to be followed up on whether there will be additional applicants or not. This causes political factors to remain overhang and the government still has no additional economic stimulus policy. Tomorrow’s trend expects the market to swing sideways, following the results of tonight’s Fed meeting. The support level is 1,350 points and the resistance level is 1,370 points.
SET closed today at 1,364.52 points, down 8.62 points (-0.63%), trading value 48,924.36 million baht.
Stock trading today The index fluctuated in negative territory. The index made its lowest point at 1,359.54 points and made its highest point at 1,374.87 points.
As for securities, changes today increased by 109 securities, decreased by 368 securities, and remained unchanged by 167 securities.
Mr. Narongdet Chanthapaisarn, Assistant Director Securities analysis department of AIRA Securities said that the Thai stock market today is swinging in negative territory. The afternoon was spent on the issue of the Constitutional Court ruling on Mr. Pitha. Limcharoenrat Leader of the Progressive Party (at that time) and the Progressive Party Proposing to amend Section 112 to the extent of subverting the democratic system of government with the King as Head of State. But when the court has not yet ordered the party to be dissolved, the index is trying to rebound.
However, from the decision of the Constitutional Court This reflects the possibility that additional complaints will be filed leading to the dissolution of the party. or be deprived of political rights As a result, political factors will continue to overhang as there is still high uncertainty. Moreover, at this time the government has no new policies to further stimulate the economy.
For the issue of the Bank of Thailand (BoT), Thai economic statement, December 2023. Its expansion has slowed down. It is considered that the market has already acknowledged many of these factors. Today’s announcement may have some effect on the index, but the weight is relatively low.
Tomorrow’s trend is expected that the index will swing sideways. Investors are waiting to follow the results of the Federal Reserve (Fed) meeting tonight. If the Fed sends a signal to cut interest rates, it may have some positive sentiment on the Thai stock market, but it is likely to be within a narrow range. But if there is no signal, the market may continue to decline. Give the index a support level of 1,350 points and a resistance level of 1,370 points.
As for the securities with the highest trading value, 5 securities
PTTEP trading value 2,731.20 million baht, closed at 150.00 baht, an increase of 3.50 baht.
ADVICE trading value 2,683.57 million baht, closed at 5.25 baht, an increase of 2.01 baht.
AOT trading value 2,215.79 million baht, closed at 59.75 baht, decreased 0.75 baht.
KBANK trading value 1,935.38 million baht, closed at 120.00 baht, decreased 1.50 baht.
KTB trading value 1,529.61 million baht, closed at 15.90 baht, decreased 0.20 baht.
By InfoQuest News Agency (31 Jan. 2024)
Tags: SET, stock market, Thai stock market, Thai stocks
2024-01-31 10:16:20
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