2023-12-28 03:14:56
HoonSmart.com>>The stock market this morning rose 3.66 points. Bank groups lead the market – DELTA supports bond yields – Dollar Index weakens, hoping for money to flow into the market once more. Get purchasing power from tax deductible funds. Oil prices dropped following shipping companies resumed sailing in the Red Sea.
The Stock Exchange Index on December 28, 2023 at 10:02 a.m. was at 1,414.09 points, an increase of 3.66 points or +0.26%, trading value 2,963.40 million baht.
Maybank Securities (Thailand) estimates that the SET Index will fluctuate in the range of 1,400-1,420 points, with yesterday closing down 3 points, stopping the consecutive positive record for this round at 9 days, with the trading value densely rising to the level. 39 billion baht. The volatility occurred in the last half hour, which we believe is the main factor from the acceleration of position closing/rollover in the TFEX market. As for Series Z, it is therefore viewed as a temporary factor.
As for the international environment, it is still in a Risk On situation, as reflected by the US stock market. Still standing in positive territory in the range of 0.14% to 0.3%, the 10-year Bond Yield dropped to 6.9 bps to 3.81%, with only the price of Brent crude oil dropping 1.8% yesterday due to reports from shipping companies still returning. Sailing the Red Sea Channel This is despite the Houthi forces attacking a cargo ship yesterday. This may return to put pressure on energy and refinery stocks in the short term. However, we believe that if this issue is resolved, it will reduce risks to the export sector. This will be more positive for the economy and the stock market.
In terms of Fund Flow direction, foreigners even yesterday sold a net amount of 791 million baht, but if evaluated from the Dollar Index, it depreciated to the lowest point in 5 months, in contrast to the baht which strengthened at 34.26 baht/USD. Therefore, there is still an opportunity to flow back into the stock market once more. As for the purchasing power of domestic institutional investors, it is believed that it will continue from the last round of money from the TESG SSF and RMF funds that came in.
The top 5 stocks with the highest trading values are:
BBL is at 153.50 baht, an increase of 1.50 baht or +0.99%, trading value 432.29 million baht.
SCB is at 104.50 baht, an increase of 1.00 baht or +0.97%, trading value 307 million baht.
KBANK was at 133.50 baht, an increase of 0.50 baht or +0.38%, trading value 123.09 million baht.
DELTA is at 91.75 baht, an increase of 0.50 baht or +0.55%, trading value 113.57 million baht.
BDMS is at 27.50 baht, down 0.25 baht or -0.90%, trading value 112.34 million baht.
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