Thailand inventory market circumstances: closed down 7.87 factors, suppressed by promoting stress within the power sector – home political issues – issues concerning the Federal Reserve sustaining excessive rates of interest.

Thailand inventory market circumstances: closed down 7.87 factors, suppressed by promoting stress within the power sector – home political issues – issues concerning the Federal Reserve sustaining excessive rates of interest.

2024-05-21 10:21:57

InfoQuest Information Service (Could 21, 2024)

SET closed at 1,370.83 factors immediately, down 7.87 factors (-0.57%), with a transaction worth of 38,402.65 million baht. It was revealed that the Thai inventory market fluctuated immediately as power shares got here beneath stress following refining gross income fell. And likewise taking note of the nation’s political elements. Along with overseas elements, Federal Reserve officers have additionally come out in help of sustaining excessive rates of interest till inflation slows down considerably. The pattern is anticipated to stay sideways on Thursday. It is able to present resistance at 1,380 factors and help at 1,365 factors.

SET closed at 1,370.83 factors immediately, down 7.87 factors (-0.57%), with a transaction worth of 384.0265 million baht.

Inventory buying and selling indexes fell immediately. The bottom level is 1,367.14 factors and the best level is 1,376.94 factors.

By way of securities, 198 shares elevated, 287 shares decreased, and 175 shares remained unchanged immediately.

Mr Therdsak Thaweethiratham, deputy managing director of analysis at Asia Plus Securities, stated the Thai inventory market is falling immediately. The stress to promote large-cap power sector shares stems from distinctive elements as refining margins fell. Together with home elements and political elements, 40 senators submitted issues to the Constitutional Court docket for overview of the prime minister. Appointed Mr. Phichit Chunwan as Minister within the Prime Minister’s Workplace. But it surely was lately reported that he had resigned. Allow you to relieve some worries.

On the identical time, there are nonetheless extra issues regarding exterior elements concerning the path of the Federal Reserve’s rates of interest. Officers on the Federal Reserve Financial institution of Atlanta expressed help for sustaining excessive rates of interest till inflation slows down considerably. Affected by this, market expectations for U.S. rate of interest hikes are anticipated to be revised down by only one instances this 12 months, changing into an element that places stress on the inventory market.

The pattern is anticipated to be sideways on Thursday following tomorrow’s shut. By following up on the disclosure of Fed assembly minutes. Together with nonetheless want to concentrate to the political elements within the nation to see what occurs subsequent. The resistance stage is 1,380 factors and the help stage is 1,365 factors.

The 5 securities with the best buying and selling worth

The transaction quantity of CPALL was 1.56943 billion baht, closing at 59.25 baht, a rise of 0.75 baht.

NEX transaction quantity was 1.37739 billion baht, closing at 4.06 baht, down 0.40 baht.

The PTT transaction quantity was 1.37201 billion baht, closing at 33.75 baht, down 0.25 baht.

The transaction quantity of TOP was 1.32199 billion baht, closing at 50.50 baht, down 1.75 baht.

The AOT transaction quantity was 1.19372 billion baht, closing at 66.00 baht, a rise of 0.25 baht.

Creator: Jiraut Chansongsakul/Ratchada Kongkhunthian

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