DELTA selling pressure drags index to close -5.76 points, recommends brokers to keep an eye on SET INDEX recovery next week.

Thai stocks closed -5.76 points, brokers pointed to selling pressure in DELTA stocks, dragging the index down once morest Asian stock markets moving in positive territory. Analysts recommend keeping an eye on the US non-farm payrolls next week. Might have a chance to rebound following moving near the main support level of 1,600 points, looking at resistance at 1,620 points and support at 1,600 points.

Thai stocks closed for trading on March 3, 2023, down -5.76 points or -0.36%, closing at 1,606.88 points, trading value 57,813.46 million baht. Overall, today’s stock trading index continued to swing down. Due to the regional market During the day, the highest increase was 1,615.39 points, while the lowest was 1,604.14 points.

While the securities that changed today increased by 591 securities, 543 remained unchanged, and 828 securities decreased.

Regarding trading volume classified by investor groups, it was found that Institutional investors had a net buy of +2,937.98 million baht. On the other hand, it was found that securities brokerage accounts had net sales of over -1,925.47 million baht, foreign investors had net sales of over -968.66 million baht, and domestic investors had net sales of over -43.85 million baht.

The securities with the highest trading value of the 5 securities
1.TRUE, trading value 6,644.32 million baht, closed at 8.60 baht, price unchanged
2.DELTA, trading value 2,988.04 million baht, closed at 976.00 baht, down 24.00 baht
3.KBANK, trading value 2,046.46 million baht, closed at 139.50 baht, an increase of 2.50 baht.
4.HANA, trading value 2,033.01 million baht, closed at 54.50 baht, down 2.50 baht
5.AOT, trading value 1,744.05 million baht, closed at 70.50 baht, down 1.25 baht

The SET100 index with the highest gains in 5 rankings are:
1.KBANK closed at 139.50 baht, an increase of 2.50 baht or 1.82%.
2.FORTH closed at 38.25 baht, an increase of 1.00 baht or 2.68%
3.KKP closed at 66.75 baht, an increase of 1.00 baht or 1.52%
4.ADVANC closed at 203.00 baht, an increase of 1.00 baht or 0.50%
5.SCB closed at 104.50 baht, an increase of 1.00 baht or 0.97%

As for the SET100 index, the top 5 declining prices are:
1.DELTA closed at 976.00 baht, a decrease of 24.00 baht or 2.40%
2.HANA closed at 54.50 baht, down 2.50 baht or 4.39%
3.SCC closed at 328.00 baht, down 2.00 baht or 0.61%
4.CPN closed at 66.25 baht, down 1.75 baht or 2.57%
5.PTTEP closed at 153.50 baht, down 1.50 baht or 0.97%

While the SET100 index closed at 2,159.88 points, a decrease of -8.84 points or -0.41%, the SET50 index closed at 960.90 points, a decrease of -4.41 points or -0.46% and the mai market index closed at 557.36 points, an increase of 4.96 points or 0.90%.

Mr. Chaiyaporn Nompitakcharoen managing director Securities Trading Division, Bualuang Securities said that the Thai stock market index fell once morest other stock markets in Asia today, with the SET being pressured by selling pressure from electronic stocks. Only DELTA is down 2.40%.

At the same time, there is no new supporting factor to help support the index. Although starting to see the direction of foreign sales slowing down to some extent But there is still a lack of positive factors to help drive the index’s recovery clearly. And the market is still concerned regarding the high US interest rate for a long time.

Next week’s trend There is a chance to rebound some following coming down near the main support at 1,600 points and still standing above that support level. But still have to follow the announcement of US non-farm payrolls at the end of next week. Because it affects the interest rate direction of the Federal Reserve (Fed) and on Monday, the Thai stock market is closed on Makha Bucha Day. Therefore, the direction of foreign stock markets must be monitored as well. The resistance is estimated at 1,620 points and the support at 1,600 points.