Thai stock sentiment on June 21, 2024 fluctuated in negative and positive territory. A technical recovery from investors returning to buy stocks that fell sharply in the previous period. Despite some short sales of power plant stocks and before the bullish rule measures were implemented on July 1, as a result, the stock index closed at 5:02 pm at 1,306.41 points, up 8.12 points or 0.63%, with a trading value of 56,463.17 million baht and the market closed MAI at 352.60 points, up 7.91 points or 2.29%, with a trading value of 2,536.27 million baht.
Mr Surapon Weeramithikul, Assistant General Manager, Investment Strategy Team Leader at Kasikorn Securities said that the five main reasons why Thai stocks have been stuck in the past 10 years have not gone anywhere is that the Thai economic expansion is still stuck at 2-2.5% of corporate EPS. Thai listed remains stuck at 90-95 times level Thai stock prices have not grown as much as 20 times The agricultural and manufacturing sectors are stuck in a competitiveness trap. It also fell into the risk trap of domestic politics
Top 5 Traded Securities
1. All CP shares closed at 54.50 baht, an increase of 0.25 baht.
2.Delta stock closed at 84.75 baht, down -2.50 baht.
3.SCB stock closed at 106.00 baht, up 0.50 baht.
4.PTTGC stock closed at 30.75 baht, an increase of 1.25 baht.
5.AOT stock closed at 60.25 baht, down -0.50 baht.