Thai stock market situation: Closed morning positive 3.35 points, swinging within a narrow range, volume is light.

2024-01-12 05:43:27

Stock Exchange Closed this morning at 1,411.59 points, an increase of 3.35 points (+0.24%), trading value approximately 21,137 million baht.

Morning trading The index fluctuates within a narrow range. The highest level was 1,414.08 points and the lowest level was 1,407.77 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. Trading volume is light. But it was supported by buying pressure into retail stocks. Especially CP Extra Public Company Limited (CPAXT) following expecting that normal profits for 4Q23 will be good or growing 75.7% QoQ and 11.8% YoY, while also predicting the trend of 1Q/2 operating results. 67 will continue to grow According to increased sales from Easy e-Receipt measures, etc., including PTT Public Company Limited shares. Petroleum Exploration and Production (PTTEP) also increased in line with crude oil prices. And there is beginning to be speculation regarding the 4th quarter results of 2023 in commercial banking stocks, allowing the index to remain in positive territory.

The followingnoon trend is expected for the market. Swing sideways Investors are still waiting to see Taiwan’s presidential election on January 13, thinking that if the Kuomintang (KMT), a pro-China party, wins the election, the market will likely respond positively regarding a month later. Election While if the Democratic Progressive Party (DPP) wins the election, the advantage is that it will be able to continue the work it has done, but the disadvantage will be that investors will be worried regarding whether there will be increased conflict with China or not. It is expected that the market will respond negatively regarding 1 month following the election.

Support is set at 1,407 points and resistance at 1,418 points.

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

PTT trading value 2,046.69 million baht, closed at 34.50 baht, decreased 0.50 baht.

KBANK trading value 1,265.63 million baht, closed at 131.00 baht, an increase of 2.00 baht.

CPALL trading value 773.80 million baht, closed at 55.00 baht, an increase of 0.75 baht.

BBL trading value 676.31 million baht, closed at 149.50 baht, price unchanged.

PTTEP trade value 608.08 million baht, closed at 150.50 baht, an increase of 1.50 baht.

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