Thai Stocks Respond to US Debt Ceiling Increase and Close Up by +10.13 Points

Thai stocks closed up +10.13 points, the broker revealed that the market responded to the US debt ceiling increase. causing money to flow back into large stocks Assessment of tomorrow’s investment framework is expected to swing within a support range of 1,535-1,530 points and a resistance range of 1,545-1,550 points. Keep an eye on the MPC meeting and domestic political factors.

The Thai stock market closed for trading on May 29, 2023, increasing +10.13 points or +0.66%, closing at 1,540.97 points, trading value 37,756.87 million baht, while overall investment today, the index is moving. in positive territory Intraday rose to a maximum of 1,543.11 points, on the contrary, dropped as low as 1,535.63 points.

While the securities that changed today increased by 255 securities, 174 remained unchanged, and 214 decreased.

Regarding trading volume classified by investor groups, it was found that Foreign investors net sold more than -3,567.16 million baht and securities accounts sold more than -11.80 million baht. Domestic investors net buy +2,290.74 million baht and institutional investors net buy +1,288.22 million baht.

The securities with the highest trading value of the 5 securities
1.DELTA, trading value 1,535.80 million baht, closed at 96.25 baht, an increase of 3.00 baht
2.PTT trading value 1,532.03 million baht, closed at 31.00 baht, price unchanged.
3.CPALL, trading value 1,334.94 million baht, closed at 63.25 baht, unchanged price
4.BDMS, trading value 1,285.05 million baht, closed at 28.25 baht, an increase of 0.50 baht
5.KBANK, trading value 1,193.27 million baht, closed at 132.50 baht, price unchanged.

The SET100 index with the highest gains in 5 rankings are:
1.DELTA closed at 96.25 baht, an increase of 3.00 baht or 3.22%
2.CPN closed at 69.50 baht, an increase of 2.00 baht or 2.96%
3.PTTEP closed at 144.50 baht, an increase of 1.50 baht or 1.05%
4.BGRIM closed at 38.50 baht, an increase of 1.00 baht or 2.67%
5.BBL closed at 164.00 baht, an increase of 1.00 baht or 0.61%

As for the SET100 index, the top 5 declining prices are:
1.BH closed at 226.00 baht, down 3.00 baht or 1.31%
2.CBG closed at 66.75 baht, down 1.00 baht or 1.48%
3.CENTEL closed at 50.75 baht, a decrease of 0.75 baht or 1.46%
4.TU closed at 15.30 baht, down 0.60 baht or 3.77%
5.TIPH closed at 43.25 baht, down 0.50 baht or 1.14%

While the SET100 index closed at 2,074.34 points, an increase of 16.03 points or 0.78%, the SET50 index closed at 931.76 points, an increase of 7.04 points or 0.76% and the mai market index closed at 486.60 points, an increase of 2.22 points or 0.46%.

Mr. Narongdej Chantaraphaisan, Director of Securities Analysis Department, AIRA Securities, said that the Thai stock market today index moved in positive territory well. Responding to more relaxed factors outside the country after the United States reached a final agreement to increase the debt ceiling This makes it possible to avoid defaulting on debt payments. From now on, members of the US House of Representatives will have to follow up to vote on the deal on Wednesday, May 31, which from such factors has led to buying back into stocks that had previously declined. especially large stocks

“Domestic factors are still tight due to uncertainties in the formation of the government. and laying the economic team create a vacuum This greatly affects investor confidence. Causing most investors to wait and see the Monetary Policy Committee (MPC) meeting on Wednesday, May 31, expecting to raise interest rates for the last tranche of this year, causing the market to rise even in the short term. But it has limited upside. As for the trend tomorrow, the market expects swing up in a limited range Set the support at 1,535-1,530 points and the resistance at 1,545-1,550 points. Mr. Narongdej said