Foreigners sold Thai stocks, down -21.07 points, on worries about central bank interest rates. Let's look forward to tomorrow.

Thai stocks plunged sharply by -21.07 points and fell again by 1400 points, foreign investors sold Thai stocks for more than -5,749.49 million baht Analysts point out that Thai stocks are swinging too sharply due to negative sentiment, the main issue is encouraging central bank officials not to rush to cut interest rates. As a result, previously inflated assets were under pressure, with China's GDP coming in lower than market expectations, reflecting the lowest house prices in 9 years, showing that the Chinese economy is not recovering well. If we look at the investment structure tomorrow, it may recover within a narrow range, the support level is 1,370 points and the first resistance level is 1,390 points, the next resistance level is 1,400 points.

The Thailand Stock Exchange ended trading on January 17, 2024, down -21.07 points or -1.50% to close at 1,380.65 points with a traded value of 56,707.53 million baht, while the overall picture of equity investment today led the market to drop below the 1400 level from the start of morning trading. It fell sharply until it closed in negative territory. It rose to a high of 1,397.97 points during the day and fell to a low of 1,378.85 points in the opposite direction.

While the number of securities exchanged today increased by 72 securities, the number of securities traded remained unchanged at 127 and the number decreased. 457 Bonds

Based on trading volume categorized by investor group, it was found that domestic investors made net purchases of +6,186.85 million baht and institutional investors +103.44 million baht. On the other hand, it was detected. Foreign investors sold a net -5,749.49 million baht and securities company accounts net -540.81 million baht.

In respect of bonds with high trading value, 5 bonds
1.PTT trading value was 2,787.91 million baht, closed at 33.50 baht, down 0.25 baht.
2.PTTEP trade value was 2,351.71 million baht, closed at 148.00 baht, down 2.00 baht.
3.AOT trade value 2,006.80 million baht, closed at 61.25 baht, down 1.75 baht.
4.TU trading value was 1,915.13 million baht, closing at 15.00 baht, an increase of 0.40 baht.
5.BBL traded at 1,834.31 million baht, closing at 148.00 baht, down 1.50 baht.

For the SET100 index, the five rankings with the most favorable price increases are:
1.CBG increased by 0.75 baht or 0.98% to 77.00 baht.
2.KBANK closed up 0.50 baht or 0.38% at 131.00 baht.
3.TU closed at 15.00 baht, up 0.40 baht or 2.74%.
4.BSRC closed at 9.00 baht with an increase of 0.25 baht or 2.86 %.
5.ERW closed at 4.84 baht, up 0.14 baht or 2.98%.

For the SET100 index, the five indexes with the biggest price declines are:
1.SCC 273.00 baht, down 11.00 baht or -3.87%.
2.ADVANC 213.00 baht, down 4.00 baht or 1.84%.
3.AEONTS ended down 3.00 baht or 1.93% at 152.50 baht.
4.M shed 2.50 baht or 6.62% to end at 35.25 baht.
5.EA closed down 2.00 baht or 4.79% at 39.75 baht.

While the SET100 index fell -29.70 points or -1.56% to close at 1,869.85 points, the SET50 index fell -13.48 points or -1.57% to 843.57 points and the mai market index was down 410.51 points or 5.5. -1.24%

Director of Securities Analysis at AIRA Securities Mr. Narongdet Chanthabaisarn said the Thai stock market fell sharply today, echoing the negative sentiment in regional markets. After last night, Federal Reserve (Fed) officials were supporting the view that the central bank is in no rush to cut interest rates. A further caution is also required. Press on upwardly adjusted assets to get previous news. Meanwhile, the 10-year U.S. government bond yield is back above 4%, and the U.S. dollar index has continued to weaken, rising to new highs in the short term.

Also, in the Asian region, China's gross domestic product (GDP) figures were reported to be lower than market expectations. And China's house prices fell to a nine-year low, reflecting that the overall Chinese economy is still not doing well. There are no new supporting factors in the country and various policies may be delayed, especially digital wallets and as a result, the overall market is more negative than positive.

“Tomorrow's Trend: Index technology likely to recover. Tonight, follow the sentiment of the US stock market. Meanwhile, the Thai stock market has fallen more than 20 points, making the market look for a far-off correction. With the support frame of 1,370 points and the resistance of 1,390 points, the next 1,400 points.” Mr. Narongthej concluded.