SET closes plus 3 points, investors sell to reduce risk. Wednesday Sideways Trend

2023-12-04 10:54:49

Reporters reported that The Thai stock market index closed today at 1,383.54 points, an increase of 3.23 points (+0.23%), trading value 35,519.36 million baht.

Mr. Narongdet Chanthapaisarn Director of Securities Analysis Department AIRA Securities Public Company Limited Said that the Thai stock market today is trying to rebound but is still not going anywhere. Because there is still a lack of new positive factors. Even the beginning of the morning session was positive according to foreign factors. Responding to expectations that the US Federal Reserve (Fed) will stop raising interest rates. But with the US government bond yield (Bond Yield) falling to the level of 4.2%, which is considered to have come down quite a bit, giving a chance to see a rebound, causing the market to not adjust upwards much. There is also pressure from energy stocks. from the price of oil that has dropped further Including the Thai stock market will be closed tomorrow (5 Dec.)

For the trend this Wednesday (6 Dec. 2023), it is expected that the market will swing sideways. It is recommended to be careful of additional selling pressure from bond yields that have a chance of rising again. The support level is set at 1,375 points and the resistance level is 1,390-1,400 points.

As for the securities with the highest trading value, 5 securities

PTT Trading value 3,488.89 million baht, closed at 35.75 baht, an increase of 0.50 baht.

AOT Trading value 2,065.91 million baht, closed at 60.00 baht, an increase of 1.50 baht.

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PTTEP Trading value 1,446.03 million baht, closed at 145.50 baht, decreased 3.00 baht.

ADVANCE Trading value 1,333.09 million baht, closed at 221.00 baht, an increase of 2.00 baht.

CPALL Trading value 1,169.50 million baht, closed at 53.25 baht, price unchanged.

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