Thailand’s inventory market closed down 1.36 factors this morning, fearful about exterior fluctuations – home politics nonetheless exerts stress: InfoQuest

2024-05-28 05:46:02

SET closed at 1,365.01 factors this morning, down 1.36 factors (-0.10%), with a transaction worth of roughly 16.754 billion baht. It reveals that the inventory market fluctuated inside a slender vary this morning. Shares which have recovered nicely are these based mostly on exterior economics. Two delivery teams – an export-focused beverage group and robust performers included an influence plant group and a communications group. Nonetheless, exterior elements are nonetheless unstable, and central financial institution rates of interest in numerous nations have begun to diverge. On the similar time, the nation stays weighed down by political points. The index is anticipated to proceed to fluctuate within the afternoon. The help degree is 1,363 factors and the resistance degree is 1,370 factors.

Inventory buying and selling closed at 1,365.01 factors this morning, down 1.36 factors (-0.10%), with a turnover of roughly 16.754 billion baht.

The index traded inside a decent vary in morning buying and selling. The very best degree is 1,368.95 factors and the bottom degree is 1,363.73 factors.

Mr. Kitphon Praipaisankit, Director of Evaluation and Technique at UOB Kay Hian Securities (Thailand) Stated that the Thai inventory market fluctuated inside a slender vary this morning. Shares which have recovered nicely are people who depend on exterior economies, such because the delivery business. Profit from increased delivery prices. In addition to export-focused beverage teams, together with strong-performing shares akin to energy crops and communications teams.

Nonetheless, exterior elements will stay unstable within the subsequent two weeks, and central banks in main nations have begun to diverge within the route of rate of interest changes. The European Central Financial institution (ECB) is prone to decrease its coverage charge at its June 6 assembly, however the Federal Reserve (Fed) is prone to preserve rates of interest unchanged. The Financial institution of Japan (BOJ) might elevate rates of interest at its June 13 assembly.

When it comes to home elements, there’s nonetheless stress on the Constitutional Courtroom to interpret the case of Setah Tawisin’s {qualifications} as prime minister, which can pose dangers to the introduction of essential financial stimulus measures. Specifically, points such because the 2025 price range expenditure of the digital pockets undertaking have put stress on consumer-related inventories.

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As well as, the Thai inventory market is anticipated to have an opportunity to weaken this week because the MSCI Rebalance portfolio adjustment will take impact on Could 31.

Within the afternoon, the index is anticipated to fluctuate round plus or minus 3 factors, with help at 1,363 factors and resistance at 1,370 factors.

The 5 securities with the best buying and selling worth

PTT transaction quantity was 1,162.14 million baht, closing at 33.25 baht, down 0.25 baht.

PTTGC’s turnover was 650.2 million baht, closing at 36.25 baht, down 1.00 baht.

The STA transaction quantity was 506.3 million baht, closing at 19.90 baht, a rise of 1.20 baht.

The AOT transaction quantity was 5.003 million baht, closing at 65.00 baht, down 0.50 baht.

TOP’s transaction quantity was 458.13 million baht, closing at 52.75 baht, a rise of 1.25 baht.

InfoQuest Information Company Bulletin (Could 28, 2024)

Tags: Kitphon Praipaisankit, inventory market, Thai shares

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