2023-10-27 14:14:00
Thai stocks turned around to close +17.01 points. Brokers pointed out that Thai stocks turned around and bounced strongly in the evening before closing the market to receive the news. US Yields shrink This is in line with regional stock markets following US GDP may improve better than expected. This may cause the Fed to maintain high interest rates for a long time. But it is a slight positive signal for the stock market. While concerns regarding war between Israel and Hamas It has not yet expanded to neighboring countries. Looking at next week’s investment frame, it will fluctuate in the range of 1,370-1,400 points, but if it breaks through 5% once more, look at the support level at 1,350 points and if it falls below 4.8%, it may push the SET up to 1,430 points.
The Thai stock market closed for trading on October 27, 2023, increasing +17.01 points or +1.24%, closing at 1,388.23 points, trading value 41,247.37 million baht, while the overall stock trading today The index swung sideways before recovering in the evening before the market closed. During the day the index rose to a maximum of 1,390.79 points, in the opposite direction it dropped to a minimum of 1,366.19 points.
Meanwhile, the number of securities that changed today increased by 329 securities, remained unchanged by 148 securities, and decreased by 168 securities.
In terms of trading volume classified by investor group, it was found that Domestic investors made net sales of more than -2,167.95 million baht and securities company accounts made net sales of more than -377.22 million baht. On the other hand, it was found that foreign investors Net purchase of over +1,328.70 million baht and institutional investors net purchase of over +1,216.48 million baht
As for the securities with the highest trading value, 5 securities
1.CPALL trading value 2,055.74 million baht, closed at 55.00 baht, decreased 0.25 baht.
2.KBANK trading value 1,997.53 million baht, closed at 132.00 baht, an increase of 2.50 baht.
3.SCB trading value 1,785.23 million baht, closed at 100.00 baht, an increase of 2.75 baht.
4.PTT trading value 1,600.86 million baht, closed at 33.50 baht, an increase of 0.75 baht.
5.BBL trading value 1,418.50 million baht, closed at 158.50 baht, an increase of 0.50 baht.
As for the SET100 Index, the five rankings with the most positive price increases are:
1.SCC closed at 293.00 baht, an increase of 6.00 baht or 2.09%.
2.DELTA closed at 76.25 baht, an increase of 4.00 baht or 5.54%.
3.EGCO closed at 121.00 baht, an increase of 3.00 baht or 2.54%.
4.KCE closed at 51.75 baht, an increase of 2.75 baht or 5.61%.
5.CBG closed at 67.25 baht, an increase of 2.75 baht or 4.26%.
As for the SET100 Index, the five rankings with the biggest price declines are:
1.BH closed at 256.00 baht, down 2.00 baht or 0.78%.
2.MEGA closed at 41.75 baht, a decrease of 1.50 baht or 3.47%.
3.BDMS closed at 26.25 baht, down 0.50 baht or 1.87%.
4.THG closed at 62.50 baht, down 0.50 baht or 0.79%.
5.PSL closed at 8.60 baht, down 0.30 baht or 3.37%.
While the SET100 index closed at 1,904.44 points, an increase of 27.13 points or 1.45%, the SET50 index closed at 859.26 points, an increase of 12.37 points or 1.46%, and the mai market index closed at 399.90 points, an increase of 4.12 points or 1.04%.
Mr. Sarawut Techochawalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand), said that the Thai stock market today bounced back better at the end of the followingnoon. In line with this, most regional markets have a positive direction. This is because the yield on the 10-year US government bond (Bond Yield) contracted due to the US gross domestic product (GDP) figure being better than expected. Most investors are worried that next week’s Federal Reserve (Fed) meeting may signal that interest rates will remain steady longer than expected. When the bond yield shrinks, it is a slightly positive signal for the stock market. Including the conflict situation in the Middle East. Israel has not yet launched a ground attack in Gaza. Therefore it has not yet spread.
“Stocks that are expected to benefit from a slowdown in bond yields, such as power plants, financials, and large stocks whose prices dropped significantly today have recovered and received buying back. Meanwhile, the retail sector has not recovered much. Because the digital currency policy is still unclear.”
As for the market outlook next week, the market situation will depend on the progress of the war in the Middle East. and Bond Yield If the bond yield swings in the range of 4.8-5%, it is expected that the SET will swing 1,370-1,400 points, but if it exceeds 5%, it is expected that the SET may go down to the support level of 1,350 points. And if it is lower than 4.8%, the SET has a chance to go up. Going to 1,430 points, recommending stocks in the power plant, financial and petrochemical groups.
“There are still no new factors in the country. Recommend following both US and domestic bond yields. But Thailand’s bond yields rarely fluctuate due to news of a reduction in the size of digital wallet distribution. make the swing lighter Therefore, we must follow the progress of the digital wallet project once more next week,” Mr. Sarawut concluded.
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