Thailand inventory market scenario: closed down 9.91, the worst within the area | RYT9

2024-06-06 10:26:06

SET closed at 1,328.41 factors in the present day, down 9.91 factors (-0.74%), with a transaction worth of 45,540.12 million baht. stated Thai shares suffered the worst decline within the area in the present day. Strain from promoting of large-cap shares. Foreigners are involved concerning the Financial institution of Thailand’s independence following a authorities candidate was named as its new board chairman forward of a political trial over the prime minister’s {qualifications} within the subsequent two weeks. It should have an effect on the 2025 funds debate. The market is anticipated to fluctuate between the assist stage of 1,315 factors and the resistance stage of 1,343 factors. It’s endorsed to concentrate to the result of the European Central Financial institution assembly tonight.

SET closed at 1,328.41 factors in the present day, down 9.91 factors (-0.74%), with a transaction worth of 45,540.12 million baht.

The index fell sharply in inventory buying and selling in the present day. The bottom level of the index was 1,325.71 factors and the best level was 1,344.48 factors.

When it comes to securities, 112 shares elevated, 387 shares decreased, and 168 shares remained unchanged in the present day.

Mr. Sarawut Techochawalit, senior director of the Securities Evaluation Division of Industrial Securities (Thailand), stated that the Thai inventory market fell sharply in the present day. Thought-regarding the worst within the space. Though robust shopping for in electronics shares helped assist the index at some ranges. However might not resist the strain to dump huge shares.

The Thai inventory market got here beneath strain following overseas information businesses reported that the federal government was making ready to appoint two individuals near it as candidates. Mr. Pramethi Wimonsiri, the brand new Chairman of the Board of Administrators of the Financial institution of Thailand (BoT) and former Secretary-Basic of NESDB, will full his time period this month. In September, the federal government and the central financial institution clashed over financial coverage. This impacts overseas buyers’ confidence within the Financial institution of Thailand’s independence, making funding prospects throughout this era probably much less engaging.

As well as, within the subsequent two weeks, the Constitutional Courtroom will think regarding vital political instances, specifically the case calling for the dissolution of the Kao Klai Social gathering, the overview of the {qualifications} of Prime Minister Settha Thavisin, and the prosecution of Mr. Article 112. This might have an effect on the 2025 funds discussions on June 19-21.

It’s anticipated that the development tomorrow will fluctuate throughout the assist stage of 1,315 factors and the resistance stage of 1,343 factors. , but when the European Central Financial institution and the Federal Reserve minimize rates of interest twice this yr, it might assist ease the strain on the Thai inventory market.

The 5 securities with the best buying and selling worth

AOT transaction quantity was 2,960.12 million baht, closing at 61.75 baht, down 1.50 baht.

PTT transaction quantity was 2,014.43 million baht, closing at 32.00 baht, down 0.75 baht.

DELTA’s transaction quantity was 1,843.04 million baht, closing at 75.50 baht, a rise of three.00 baht.

BDMS traded at THB 1,499.25 million and closed at THB 27.50, with costs unchanged.

BBL transaction quantity was 1,370.94 million baht, closing at 134.00 baht, down 2.00 baht.

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#Thailand #inventory #market #scenario #closed #worst #area #RYT9

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