Thai stock market situation: Closed in the morning down 0.35 points, selling pressure on AOT, DELTA, CPALL, CPAXT.

2023-11-29 05:49:02

SET closed the morning session at 1,401.07 points, down 0.35 points (-0.02%), trading value approximately 25,968 million baht. Analysts Revealing that the Thai stock market is swinging in a narrow range, supported by selling pressure on AOT, DELTA, CPALL, CPAXT from specific factors, pushing the index down 5 points, alternating buying pressure from oil, power plants, and finance groups to support it, helping in the followingnoon, waiting for results. MPC expects interest rates to be maintained. The market trend is stable in positive territory with support at 1,395 points and resistance at 1,405 points.

Stock Exchange Closed this morning at 1,401.07 points, down 0.35 points (-0.02%), trading value approximately 25,968 million baht.

Morning trading The index swings sideways in a narrow range. The lowest level was 1,395.25 points and the highest 1,405.35 points.

Mr. Natthaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), said that the Thai stock market this morning fluctuated within a narrow range. With selling pressure from the retail sector putting pressure on the market, especially CPALL and CPAXT stocks, responding to the news of catching illegal pigs is a negative sentiment that creates concern. There is also sales pressure for AOT and DELTA, which have large market caps from unique factors. The selling pressure of all 4 stocks pushed the overall index down by regarding 5 points.

However, there is still buying power coming into the oil, power plant, and finance sectors, helping to support the index. Responding to positive factors, US government bond yields (bond yields) continued to decline. and the price of crude oil soared Come in and help support the market. Meanwhile, Asian stock markets moved within a narrow range as well.

In the followingnoon, wait for the results of the Monetary Policy Committee (MPC) meeting. The market expects the MPC to maintain interest rates at 2.50%, but still needs to follow comments on the direction of the Thai economy in 2024.

Afternoon investment trends expect the market to remain in positive territory. Looking at the direction of interest rates, it will be clearer, with support at 1,395 points and resistance at 1,405 points.

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

AOT trading value 3,990.41 million baht, closed at 59.25 baht, decreased 1.25 baht.

CPALL trading value 2,446.73 million baht, closed at 53.00 baht, decreased 1.75 baht.

PTTEP trade value 1,117.47 million baht, closed at 154.50 baht, an increase of 1.00 baht.

BDMS trading value 647.72 million baht, closed at 26.25 baht, price unchanged.

TIDLOR trading value 608.32 million baht, closed at 23.60 baht, an increase of 0.60 baht.

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