Mr. Kijpol Praipaisalkit Director of Analytics and Strategist UOB Kay Hian Securities (Thailand) He said that the Thai stock market this morning rose by 10 points, mainly from speculative buying in many groups. And European and US stock markets were closed, resulting in no foreign negative factors. because foreign investors have stopped trading
As China moves to reopen its cities following halting reports of new COVID-19 cases. which is a sign that there is an opportunity to open the city continuously
Domestically, there was buying pressure from Retirement Mutual Funds (RMF) and Savings Funds (SSF) where investors exercised tax deductions at the end of the year. Resulting in buying pressure for medium and large stocks that are targeted by institutional investors. causing the market to rise quite strongly
In addition, there was buying pressure in the sugar group in response to the volume of sugar cane crushing starting November-April. that is the high season and world sugar prices rose to 20 cents/pound from Brazil and India, slowing exports, causing world sugar prices to rise. In addition, the price of sugar stocks is lower than the book value, resulting in speculation.
As for the stock market trend in the followingnoon, Mr. Kitpol expects that the market will continue to be positive. It is expected that during Monday-Wednesday (Dec. 26-28), the market should stand in the positive zone. which comes from the main buying pressure from RMF and SSF funds, giving Thai stocks a frame this week at 1,600-1,640 points, and this followingnoon is expected to increase more than 5 points from the morning.
The securities with the highest trading value of the 5 securities
DELTA Trading value 1,546.47 million baht, closed at 720.00 baht, an increase of 12.00 baht.
ADVANCE Trading value 1,109.57 million baht, closed at 192.00 baht, an increase of 2.00 baht.
PTT Trading value 739.90 million baht, closed at 32.25 baht, an increase of 0.75 baht.
PTTEP Trading value 654.39 million baht, closed at 173.00 baht, an increase of 1.50 baht.
BANPU Trading value 567.30 million baht, closed at 13.40 baht, price unchanged.
