Thai stocks closed today, February 2, at 1,384.08 points, up 16.12 points, with a trading value of 45,159 million baht, and the index rose by region. I started to see more and more positive signs. After the Fed maintained interest rates as expected, investors believe we will see a rate cut in May. This makes us confident that interest rates have passed their peak. As a result, bond yields fell.
Stock Exchange of Thailand (SET) Index. It closed on February 2 at 1,384.08 points, up 16.12 points (+1.18%), trading value 45,159.93 million baht, net foreign purchases 2,097.47 million baht, and net money purchases 743.31 million baht.
Mr Wathan Jetsomnok Director of Strategic Analysis Pie Securities He said that the Thai stock market today has improved well. In line with other stock markets in Asia. I started to see more positive signs. After the completion of the US Federal Reserve meeting, which maintained interest rates as the market expected. There is more weight that we may see a rate cut in May.
Therefore, investors believe that federal funds rates have passed their peak. This causes a decrease in the yield on US government bonds (bond yield), which has a positive impact on the cost of shares in the financial group. Today, they have adjusted themselves to deal with such issues.
It also continues to receive support from tourism stocks. The number of tourists in January is increasing. Trends in February According to statistics, the number of Chinese tourists is usually higher than in January. This makes it clear that purchasing power comes to stocks that benefit from tourism, such as AOT, CPALL, BJC, etc.
Next week's trend is expected to be that the Thai stock market has a chance to rise to the resistance level of 1400 points and the support level of 1370 points. We recommend following the Monetary Policy Committee (MPC) meeting and tonight after the release of US employment data. Preparation. If it comes out worse than the market expected, that will be good for the market.
5 securities with the highest trading value
- AOT Trading value reached 2,029.52 million baht, and closed at 62.75 baht, an increase of 1.00 baht.
- CPALL Trading value reached 1,420.51 million baht, closing at 54.25 baht, an increase of 1.50 baht.
- Bubble The trading value reached 1,381.90 million baht, and closed at 140.00 baht, and the price was unchanged.
- K Bank Trading value reached 1,189.78 million baht, closing at 121.50 baht, an increase of 2.00 baht.
- KTB Trading value reached 934.70 million baht, and closed at 16.10 baht, an increase of 0.20 baht.
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