Thai stock market situation: closed down 4.01 points in the afternoon, buying back after exports grew close to expectations – excited.

2023-11-27 10:17:26

SET closed today at 1,393.42 points, down 4.01 points (-0.29%), trading value 36,302.87 million baht. Analysts stated that the Thai stock market fell in line with the region. In the first period, there was pressure from lower oil prices, putting pressure on energy stocks. and tourism groups receive results from Chinese airlines canceling almost half of flights into Thailand. In addition, investors are also worried about the Chinese economy. Even though the authorities have measures to support the real estate sector, it may affect the banking sector. In the afternoon, there was strong buying back after Thai export figures grew closer to expectations, reflecting the recovery of the economy. Tomorrow’s trend is expected to swing positively sideways. May receive strong buyback of stock groups to benefit from government policy. The resistance level is 1,400 points and the support level is 1,390 points.

SET closed today at 1,393.42 points, down 4.01 points (-0.29%), trading value 36,302.87 million baht.

Stock trading today The index dropped sharply initially before recovering in the afternoon. The lowest point was 1,385.33 points and the highest point was 1,397.88 points.

As for securities, changes today increased by 187 securities, decreased by 268 securities, and remained unchanged by 198 securities.

Mr. Nattapon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), said that the Thai stock market today fell in line with regional markets. In the first period, it went down strongly from falling oil prices, putting pressure on energy stocks. and responded to the news that Chinese airlines canceled approximately 40% of flights into Thailand in December 2023-January 2024, resulting in the tourism group being put on hold. Including retail groups related to tourism.

In addition, investors are concerned about the deterioration of the Chinese economy. Even though the government has measures to help the real estate sector that is in crisis. But it may affect the banking group that has to come in and help the real estate group.

However, in the afternoon there was buying pressure back into large stocks. Especially the bank group After Thai export numbers in October It continued to expand at 8%, close to the market’s expectation of 9%, reflecting the economic recovery in the next period. Moreover, investors expect the efforts of regulators to build confidence in the capital market.

Related Articles:  A total of 2,644 patients have been treated in Guangxi Aid Qiong Medical Team triumphant_News Center_China Net

Tomorrow’s trend expects the index to swing sideways positively. We may see a slight recovery from the buying back of stocks that benefit from government policies. Because tomorrow (28 Nov.) there will be a meeting of the Cabinet (Cabinet) where various measures affecting the economy will be considered, such as increasing civil servant salaries. Summary of e-Refund measures that will be implemented next year Including debt resolution measures, making the Domestic Play, retail and consumer products groups It may be a source of support for the market to come back.

Give the index a resistance level of 1,400 points and a support level of 1,390 points.

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

AOT trading value 3,905.06 million baht, closed at 61.00 baht, decreased 1.50 baht.

PTTEP trade value 1,413.57 million baht, closed at 155.50 baht, decreased 3.50 baht.

SCB trading value 1,223.67 million baht, closed at 100.00 baht, an increase of 0.75 baht.

KBANK trading value 1,033.73 million baht, closed at 132.50 baht, an increase of 0.50 baht.

PTT trading value 1,002.86 million baht, closed at 34.75 baht, an increase of 0.25 baht.

1701081199
#Thai #stock #market #situation #closed #points #afternoon #buying #exports #grew #close #expectations #excited

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.