InfoQuest News Agency (April 30, 2024)
The stock market closed today at 1,367.95 points, an increase of 5.98 points (+0.44%), with a trading value of 44,917.29 million baht indicating that the Thai stock market index is positive today, better than expected. There is strong purchasing power in the banking, retail and food and beverage sectors. According to the bank group, there is speculative buying in the hope that the Fed will maintain high interest rates for a long period. Meanwhile, the food group was supported by a recovery in pork and chicken prices. Drinks from the hot weather The Thai stock market trend on Thursday and the index is expected to fluctuate within the range of support 1,360 points and resistance 1,375 points. Follow the results of the Federal Reserve Bank meeting and the statement of Mr. Jerome Powell, Chairman of the Federal Reserve Bank, as well as the gradual announcement of the first quarter profits of the year 2024 from the listed companies.
The stock market closed today at 1,367.95 points, an increase of 5.98 points (+0.44%), with a trading value of 44,917.29 million baht.
Today's stock trading, the index is swinging in the positive zone, and the index recorded its lowest point at 1363.21 points, and the highest point at 1372.85 points.
As for securities, the changes today increased by 292 securities, decreased by 168 securities, and remained unchanged by 197 securities.
Today, the Thai stock market index is swinging positively, which is better than expected to swing within a narrow range because tomorrow is a holiday, said Mr. Sarawut Techukawalit, Senior Director, Securities Analysis Department, RHB Securities (Thailand). Today, there is strong purchasing power in the banking, retail and food and beverage groups. The banking group has purchasing power. Based on expectations for the results of the Federal Reserve meeting on Thursday, interest rates are expected to remain high for a longer period.
While the food group supported by the recovery in prices of pork and chicken. The situation of the feral pig was resolved. Meanwhile, the drinks continued to rise for several days due to the hot weather. The results of the second quarter of 2024 are expected to achieve the highest growth.
The trend of the Thai stock market on Thursday (May 2) is expected to fluctuate within the range of support at 1,360 points and resistance at 1,375 points. Follow the results of the Fed meeting and the press conference of Jerome Powell, Fed Chairman, to look for signs of the Fed adjusting to this year's interest rate cut, including following reports of US employment figures. Meanwhile, in the country, the gradual announcement of operating results for the first quarter of 2024 of listed companies continued.
The securities with the highest trading value are 5 securities
CPALL's trading value reached 2,016.93 million baht, closing at 57.50 baht, an increase of 0.75 baht.
KBANK's trading value reached 1,841.07 million baht, closing at 130.50 baht, an increase of 1.00 baht.
PTTEP's trading value reached 1,776.47 million baht, closing at 156.50 baht, the price unchanged.
BDMS's trading value reached 1,598.96 million baht, closing at 29.00 baht, an increase of 0.25 baht.
KTB's trading value reached 1,572.41 million baht, closing at 16.80 baht, an increase of 0.20 baht.
By Warrenthon Sirenok/Ratchada Kongkhonthian
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