Thai stocks closed +12.09 points, benefiting from lower bond yields and a weak dollar.

2023-12-15 15:22:00

Thai stocks closed the market at +12.09 points. Analysts revealed that the index had recovered as US government bonds or bond yields decreased and the US dollar exchange rate weakened. Reflecting the market recovery Looking at investment trends next week, they are still in a recovery trend. Evaluate the index’s resistance range at 1,420-1,430 points and support at 1,360 points. We recommend keeping an eye on the announcement of the names of stocks entering and exiting the SET50 and SET100 indices.

The Thai stock market closed for trading on December 15, 2023, increasing by +12.09 points or +0.88%, closing at 1,391.03 points with a trading value of 61,137.63 million baht, while the overall stock trading index today continued to increase. Because yesterday During the day it rose to a maximum of 1,398.65 points, in the opposite direction it dropped to a minimum of 1,382.13 points.

Meanwhile, the number of securities that changed today increased by 328 securities, remained unchanged for 173 securities, and decreased by 146 securities.

In terms of trading volume classified by investor group, it was found that foreign investors net purchases of more than +3,193.43 million baht and institutional investors net purchases of more than +889.26 million baht. On the other hand, it was found that Domestic investors made net sales of more than -3,363.58 million baht and securities company accounts made net sales of more than -719.11 million baht.

As for the securities with the highest trading value, 5 securities
1.CPALL trading value 3,327.45 million baht, closed at 54.00 baht, an increase of 1.00 baht.
2.BDMS trading value 3,301.30 million baht, closed at 25.75 baht, price unchanged.
3.AOT trading value 2,854.28 million baht, closed at 61.00 baht, an increase of 1.25 baht.
4.PTT trading value 2,267.74 million baht, closed at 35.75 baht, price unchanged.
5.PTTEP trading value 2,214.01 million baht, closed at 147.00 baht, an increase of 3.50 baht.

As for the SET100 index, the 5 rankings with the most positive price increases are:
1.PTTEP closed at 147.00 baht, an increase of 3.50 baht or 2.44%.
2.SCC closed at 295.00 baht, an increase of 3.00 baht or 1.03%.
3.EA closed at 45.50 baht, an increase of 2.00 baht or 4.60%.
4.KBANK closed at 130.50 baht, an increase of 2.00 baht or 1.56%.
5.BH closed at 218.00 baht, an increase of 2.00 baht or 0.93%.

As for the SET100 Index, the five rankings with the biggest price declines are:
1.DELTA closed at 83.25 baht, down 2.50 baht or 2.92%.
2.THG closed at 55.75 baht, a decrease of 1.50 baht or 2.62%.
3.TCAP closed at 48.25 baht, down 1.00 baht or 2.03%.
4.KCE closed at 54.75 baht, down 0.75 baht or 1.35%.
5.BTG closed at 22.90 baht, down 0.70 baht or 2.97%.

While the SET100 index closed at 1,910.38 points, an increase of 18.38 points or 0.97%, the SET50 index closed at 863.64 points, an increase of 8.83 points or 1.03%, and the mai market index closed at 395.87 points, an increase of 2.72 points or 0.69%.

Mr. Kornphat Worachet, Director of Research and Investment Services, Krungsri Patanasin Securities, said that the Thai stock market continued to rise today. From the US government bond yield (Bond Yield) continuing to decrease. This corresponds to the weakening of the dollar. After the US Federal Reserve (Fed) sent a clear signal to cut interest rates in 2024, it has entered a downward trend, also supported by the release of Chinese economic data. There are signs of recovery, including China’s central bank injecting 800 billion yuan in liquidity, which is the highest monthly liquidity injection on record.

Meanwhile, the Thai stock market is starting to show a picture of recovery following falling quite a lot. Groups with strong buying power such as AOT, as well as energy, power plants, and petrochemical groups benefited from lower bond yields and a weaker dollar. Resulting in the appreciation of the baht.

“The trend for next week is that the stock market is still in the recovery phase. By following the announcement of the names of stocks entering and leaving the SET50 and SET100 indexes, but entering the period close to the Christmas holiday. This makes the picture of overall trading likely to be lighter, looking at the investment framework as resistance at 1,420-1,430 points and support at 1,360 points,” Mr. Kornphat concluded.

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