Thai Stocks Closed Down -3.04 Points, Analysts Reveal: Market Response to Federal Reserve Interest Rate Cuts

Thai stocks closed down -3.04 points, analysts revealed. Thai stocks have no new factors to support No new factors to support The market will respond to the issue of interest rate cuts by the Federal Reserve (Fed) this year, however, the market is hopeful that a stock mutual fund (LTF) will boost the index over the medium term and help limit the downside. Assess tomorrow’s investment framework as support at 1,370 points and resistance at 1,385 points.

The Thai stock market closed for trading on May 8, 2024, falling -3.04 points or -0.22%, closing at 1,373.33 points, trading value 42,251.03 million baht, while the total stock traded today Will the index changes sideways. During the day it rose to a maximum of 1,379.04 points, on the other hand it fell to a minimum of 1,372.86 points.

At the same time, the number of securities that changed today increased by 226 securities, remained unchanged by 190 securities, and decreased by 238 securities.

In terms of trading volume classified by investor group, it was found Foreign investors net sales of more than -1,497.22 million baht and institutional investors sales of more than -25.84 million baht On the other hand, it was found Domestic investors made net purchases of over +1,261.11 million baht and securities company accounts made net purchases of over +261.95 million baht.

As for the securities with the highest trading value, 5 securities
1.TRUE transaction value 2,023.14 million baht, closed at 8.75 baht, an increase of 0.25 baht.
2.PTT transaction value 2,015.07 million baht, closed at 33.75 baht, price unchanged.
3.KBANK transaction value 1,836.14 million baht, closed at 132.50 baht, an increase of 0.50 baht.
4.ADVANC transaction value decreased 1,808.99 million baht, closed at 206.00 baht, 3.00 baht.
The trading value of 5.CPALL(XD) decreased by 1,482.46 million baht, closing at 57.50 baht, by 0.75 baht.

In terms of the SET100 Index, the five ratings with the most positive price increases are:
1.SISB closed at 40.50 baht, up 2.00 baht or 5.19%.
2.MTC closed at 46.50 baht, up 1.25 baht or 2.76%.
3.RCL closed at 22.20 baht, up 1.20 baht or 5.71%.
4.AEONTS closed at 165.00 baht, up 1.00 baht or 0.61%.
5.MOSHI closed at 52.50 baht, up 0.75 baht or 1.45%.

In terms of the SET100 Index, the five ratings with the biggest price declines are:
1.ADVANC closed at 206.00 baht, a decrease of 3.00 baht or 1.44%.
2.SAWAD (XD) closed at 37.75 baht, down 2.75 baht or 6.79%.
3.SCC closed at 247.00 baht, a decrease of 2.00 baht or 0.80%.
4.BH closed at 250.00 baht, down 2.00 baht or 0.79%.
5.CBG closed at 67.25 baht, down 1.00 baht or 1.47%.

While the SET100 index closed at 1,864.72 points, down -5.18 points or -0.28%, the SET50 index closed at 843.29 points, down -2.43 points or -0.29%, and the stick market index closed at 389.62 points, down -2.37 points or -0.60%.

Mr. Narongdet Chanthapaisarn, Director of Securities Analysis at AIRA Securities, said that the Thai stock market today is moving sideways within a narrow range. New factors do not support The market has already responded to the issue of lowering interest rates by the Federal Reserve (Fed) this year, including the question of whether ‘ QT limit reduction in June.

While long-term stock mutual funds (LTF) are recommended to revive, it is seen that it can help in the medium term to limit the downside to a large extent. and should help cash flow back in. However, clarity must be pursued. Including financing conditions From the original news, it can be seen as positive psychology for the market.

“The forecast for the Thai stock market tomorrow is expected to go out of the positive zone. Investors are waiting for the publication of the total numbers of export imports. and April China’s monthly trade balance tomorrow To assess the overall economic trend Including the continuation of the gradual reporting of the operating results of listed companies in the 1st quarter of 2024, a ‘ provides a support frame of 1,370 points and a resistance level of 1,385 points.” Mr. Narongdej finished.