2024-05-17 06:10:00
Shares closed this morning up 1.61 factors. Analysts revealed that the Thai inventory market gained higher this morning than the area. Obtained robust speculative shopping for in electronics shares, that are anticipated to have handed their lowest level in 1Q24, serving to to maintain the market in a constructive place. Moreover, the baht strengthened, encouraging the influx of international capital. Within the followingnoon, the market is predicted to proceed to fluctuate positively.
Mr. Sarawut Techochawalit, Senior Director of Securities Evaluation Division at RHB Securities (Thailand), stated that the Thai inventory market carried out barely higher this morning than the remainder of the area. Most regional markets are in damaging territory following a number of days of will increase. And there are not any new elements that create enterprise strain to make income.
Whereas our home baht rapidly strengthened to 36.20 baht/greenback following US inflation figures had been weaker than anticipated, resulting in elevated influx of international capital. and there was hypothesis in digital shares. After seeing that working outcomes have seemingly surpassed the bottom level in Q1 2024, together with HANA, KCE and DELTA, hypothesis continues. Anticipate good outcomes from Microsoft’s curiosity in cloud and knowledge heart funding in Thailand.
As for the Thai inventory market, it closed the morning half-day buying and selling at 1,379.33 factors, a rise of 1.61 factors or a variation of +0.12%, for a market worth of roughly 20,079 million of baht.
For the followingnoon pattern The market is predicted to fluctuate in constructive territory as a consequence of hypothesis within the electronics sector which is able to assist assist the market. However we’ll nonetheless have to attend to observe the Thai GDP figures for 1Q24 which will likely be introduced on Could 20, and which the market expects them to be on a low tone. However I’ve already achieved quite a bit. If it occurs like this, it should not drop a lot. Prepared to supply resistance degree of 1,384 factors and assist degree of 1,375 factors.
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