Thai stocks fell 9.46 points, as the market worried about the Fed raising interest rates – and energy stocks came under pressure again.

Thai stocks closed down -9.46 points, and analysts revealed that the market is once again concerned about the Fed. Return to raising interest rates again. There are also pressures to reduce revenue expectations. Energy stock prices fell. Looking at the investment framework for tomorrow, the support level is 1405 points and the resistance level is 1430 points. We advise monitoring the US economic numbers tonight, which indicate the direction of inflation and the Federal Reserve’s policy.

The Thai stock market closed for trading on November 22, 2023, down -9.46 points -0.66%, closing at 1,414.15 points, with a trading value of 34,627.29 million baht, while the total stock trading today amounted to The index fell sharply before rebounding slightly. During the day, it rose to a maximum of 1,423.07 points, and in the opposite direction, it fell to a low of 1,407.37 points.

While the number of securities that changed today increased by 219 securities, remained unchanged for 161 securities, and decreased by 258 securities.

In terms of trading volume disaggregated by investor group, it was found that local investors bought a net of more than +1,838.06 million baht, and securities company accounts sold a net of more than +152.28 million baht. Net foreign investors sold over -1,410.48 million baht, net institutional investors sold over -579.85 million baht.

The securities with the highest trading value are 5 securities
1.AOT trading value was 2,974.37 million baht, closing at 66.00 baht, down 1.25 baht.
2.BBL’s trading value reached 1,311.19 million baht, closing at 151.50 baht, down 0.50 baht.
3.DELTA’s trading value reached 1,017.47 million baht, closing at 81.00 baht, down 3.00 baht.
4. PTT’s trading value reached 942.90 million baht, closing at 34.75 baht, unchanged.
5.Trade value 782.81 million baht, closing at 222.00 baht, down 1.00 baht.

As for the SET100 index, the five classifications with the most positive price increases are:
1.ADVANC stock closed at 218.00 baht, an increase of 2.00 baht or 0.93%.
2.EGCO shares closed at 128.50 baht, an increase of 1.50 baht, or 1.18%.
3.SCC stock closed at 295.00 baht, an increase of 1.00 baht or 0.34%.
4.BCP closed at 44.50 baht, an increase of 0.50 baht or 1.14%.
5.TOP shares closed at 52.00 baht, an increase of 0.50 baht or 0.97%.

As for the SET100 index, the five classifications with the largest price declines are:
1.DELTA stock closed at 81.00 baht, down 3.00 baht or 3.57%.
2. GPSC stock closed at 45.75 baht, down 2.00 baht or 4.19%.
3.AOT stock closed at 66.00 baht, down 1.25 baht or 1.86%.
4.BGRIM stock closed at 26.00 baht, down 1.00 baht or 3.70%.
5.MEGA shares closed at 41.00 baht, down 1.00 baht or 2.38%.

While the SET100 index closed at 1,936.20 points, down -14.63 points, or -0.75%, the SET50 index closed at 874.59 points, down -6.88 points, or -0.78%, and the May Market Index closed at 407.03 points. An increase of 1.55 points or 0.38%.

Mr. Wichit Arayapisit, Investment Strategist Liberator Securities said that the Thai stock market contracted today and rebounded again slightly. The main factor for the short-term pressure is that the Federal Reserve (Fed) revealed in the minutes of its latest meeting that it still believes that monetary policy should be cautious in the period ahead. As a result, investors are once again concerned about the direction of US interest rates. At the same time, there is still pressure on the power plants index to adjust downward. After analysts lowered their estimates and target prices. Including today there are no new factors coming to support the market.

While external factors, investors are waiting to follow the US release of the number of weekly unemployment claims and monthly durable goods orders. October and November’s Consumer Confidence Index from the University of Michigan will be revealed tonight to track the direction of inflation and the Federal Reserve’s monetary policy

“As for tomorrow’s trend, we expect the index to swing sideways, creating a base, waiting for new factors to support it. Meanwhile, investors still lack confidence in the Thai stock market, although the government sector such as the Stock Exchange of Thailand (SET) The Securities and Exchange Commission (SEC) is trying to lift more stringent measures. But at present the trading volume signal is still very light. Considering the support level at 1405 points and the resistance at 1430 points, Mr. Wichit concluded.