2023-06-28 10:55:54
Mr. Narongdej Chantaraphaisarn Director of Securities Analysis Department IRA Securities Said that the Thai stock market today continued to decline. By going down to the lowest point (New Low) in more than 2 years (Feb. 21), with strong selling pressure on bank stocks before the announcement of the 2Q23 results, increasing market pressure, causing Sentiment Worse, the market lacked confidence. While external factors are not favorable, the Federal Reserve (Fed) continues to raise interest rates.
coupled with political uncertainty After the establishment of a government with the Progressive Party and Pheu Thai Party as the leader, there was a problem that did not yet know what kind of solution would be available. Because each party does not allow the position of Speaker of the House of Representatives It is expected that during the period of uncertainty, the market will continue to absorb until it is resolved. In addition, the attractiveness of Thai stocks is not very attractive now. Because earnings per share (EPS) is 94-95 baht, export numbers are still weak, although the latest contraction is less than expected and in the third quarter is usually the low season for tourism. Lack of main factors supporting the economy
tomorrow’s trend The market is expected to continue to seep down without supporting factors and expect less window dressing because the investment picture is not good. The fund side must invest cautiously following being affected by STARK stocks, providing support at 1,460 and 1,450 points, and resistance at 1,475 and 1,480 points.
The securities with the highest trading value of the 5 securities
BBL Trading value 3,994.12 million baht, closed at 155.50 baht, down 6.00 baht
BDMS Trading value 2,105.01 million baht, closed at 27.75 baht, down 0.25 baht.
KBANK Trading value 2,104.30 million baht, closed at 127.50 baht, down 1.50 baht
PTT Trading value 1,802.10 million baht, closed at 31.25 baht, unchanged.
SCB Trading value 1,699.64 million baht, closed at 103.50 baht, down 2.50 baht
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