Thai stocks closed this morning down 13.95 points due to some volume, lack of new money – concerns about the Fed raising interest rates if inflation is high : InfoQuest

SET closed this morning at 1,409.66 points, down 13.95 points (-0.96%), trading value approximately 19,000 million baht. Analysts said that the stock market this morning decreased in line with regional markets. Back to worrying about the Fed sending a signal to raise interest rates if inflation has not decreased or decreased slowly. While there is still no new money coming in and foreigners continue to sell. As a result, the volume has thinned to only 30 billion baht per day, including keeping an eye on Naked Short Sell transactions, causing short play to disappear from the market quite a lot, giving support at 1,405 points and resistance at 1,425-1,430 points.

• Stock Exchange Closed this morning at 1,409.66 points, down 13.95 points (-0.96%), trading value approximately 19,000 million baht.

• Morning trading Index moves in negative territory The highest level was 1,423.07 points and the lowest level was 1,407.37 points.

Mr. Sarawut Techochawalit Senior Director Securities analysis department of RHB Securities (Thailand) said that the stock market in the morning dropped in line with regional stock markets. After the market returned to worry, the minutes from the US Federal Reserve (Fed) meeting indicated that if inflation does not go down or slow down, The Fed may have to raise interest rates. Which is the same thing that has come back to pressure again.

In addition, the Thai stock market Continuously facing selling pressure from foreign investors and there is no new investment money coming in It can be seen that the trading value is very light at only 30 billion baht/day since the beginning of the week. From normal at around 4-50 billion baht/day It also encountered negative factors from the government’s strict monitoring of Naked Short Sell, causing a lot of short and cover short transactions to disappear because investors were worried. As a result, the volume has shrunk by approximately tens of billions of baht.

Mr. Sarawut said that this morning the market turned to playing strange stocks like JKN OTO, etc., and there were no large stocks to play with. Because the market is lacking new money.

However, it is considered that the issue of raising interest rates by the Fed in order to suppress inflation It’s not very worrying. Because US employment numbers are slowing down As for the price of oil, it is unlikely to increase sharply. Because it is expected that in the OPEC meeting that will consider reducing oil production capacity, Saudi Arabia Major oil producers are unlikely to cut production much further.

In the afternoon, the support level is 1,405 points, the resistance level is 1,425-1,430 points. It is recommended to play short trades and wait for new money from the TESG fund in early December.

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

AOT trading value 1,260.03 million baht, closed at 66.25 baht, decreased 1.00 baht.

BBL trading value 921.83 million baht, closed at 151.00 baht, decreased 1.00 baht.

DELTA trading value 730.19 million baht, closed at 80.75 baht, decreased 3.25 baht.

PTT trading value 576.41 million baht, closed at 34.75 baht, price unchanged.

BH trading value 504 89 million baht, closed at 223.00 baht, price unchanged

By InfoQuest News Agency (22 Nov. ’23)

Tags: SET, stock market, Thai stock market, Thai stocks