Thai stock market situation: closed down 15.06 points, selling to reduce risk before knowing the results of the Fed meeting.

2023-09-20 10:18:58

SET closed today at 1,507.90 points, down 15.06 points (-0.99%), trading value 54,490.73 million baht.

Stock trading today The index fell. The index made its lowest point at 1,503.33 points and made its highest point at 1,521.66 points.

As for securities, changes today increased by 91 securities, decreased by 395 securities, and remained unchanged by 161 securities.

Mr. Narongdet Chanthapaisarn, Director of Securities Analysis at AIRA Securities, said that the Thai stock market today dropped into a negative picture. Investors sold to reduce risk before the results of the Federal Reserve’s (Fed) monetary policy meeting were known. The market expected the Fed to maintain interest rates this time. And watch for signs that at the next meeting in November, they will raise interest rates or maintain interest rates. Including the price of oil that increased last night. Investors took profits, causing oil stocks to weigh on the market, putting pressure on the index.

However, the factors in the country Foreign investors are not convinced by the lack of clarity in various government policies and the source of the money that will be used in the 10,000 baht digital money distribution policy, which investors worry that it will increase debt and weaken the domestic finances. In addition, earnings per share (EPS) of listed companies is lower than 90 baht/share, causing money from foreign investors to not flow into Thailand.

Tomorrow’s trend is that the index will rebound during the day but it will be a short-term rebound. If the Fed does not tighten interest rate adjustments Expect a rebound and the index continues to swing down along with providing resistance at 1,515 points and support at 1,500 points

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

BDMS trading value 3,338.24 million baht, closed at 26.50 baht, an increase of 0.25 baht.

PTT trading value 2,817.76 million baht, closed at 33.25 baht, decreased 0.75 baht.

CPALL trading value 2,424.31 million baht, closed at 60.75 baht, decreased 1.50 baht.

AOT trading value 2,326.56 million baht, closed at 69.75 baht, decreased 0.50 baht.

PTTEP trade value 2,292.04 million baht, closed at 165.50 baht, decreased 3.50 baht.

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