InfoQuest News Agency (April 11, 2024)
The stock market closed today at 1,396.38 points, down 11.79 points (-0.84%), with a trading value of 42,977.84 million baht. It indicates that the Thai stock market fluctuates negatively according to the region. It faced strong selling pressure to reduce risks before entering the long Songkran holiday. It is expected to open next week, April 17, expecting the SET index to return above 1,400 points, hoping that the Thai economy will continue to recover – measures to raise confidence in the capital market appear. Gradually to strengthen the support level at 1,390 points and the resistance level at 1,420-1,430 points.
The stock market closed today at 1,396.38 points, down 11.79 points (-0.84%), with a trading value of 42,977.84 million baht.
Today's stock trading, the index fluctuates negatively, and the lowest point was 1394.71 points and the highest point was 1406.77 points.
As for securities, today's change increased by 156 securities, decreased by 300 securities, and remained unchanged by 199 securities.
Today's Thai stock market is fluctuating negatively, said Mr Kornpat Worachit, Director of Research and Investment Services at Krungsri Patanasin Securities. In line with other stock markets in Asia. It received pressure from the accelerating rate of US government bond yields (bond yields), along with facing selling pressure in the afternoon to reduce the situation – reducing risks before entering a long holiday for several times during the Songkran Festival.
However, it is believed that the Thai stock market will gradually improve. The ongoing recovery is recommended as an opportunity to buy stocks even after Songkran. Because it is clear that the Thai economy is accelerating step by step. There will be measures to gradually improve confidence in the capital market, especially the hearing, adding a mechanism to check short selling and placing HFT orders so that they are not too fast, which will be completed on April 21.
Next week, the Thai stock market will open on Wednesday, April 17. It is believed that the SET has a chance to return above 1400 points, with support at 1390 points and resistance at 1420-1430 points.
The securities with the highest trading value are 5 securities
The trading value of the Bank of Bahrain and Kuwait reached 2,811.17 million baht, closing at 144.50 baht, an increase of 2.00 baht.
SCB Bank's turnover reached 2,808.34 million baht, closing at 115.50 baht, unchanged.
KTB's trading value reached 1,629.92 million baht, closing at 17.10 baht, an increase of 0.20 baht.
KBANK's trading value reached 1,589.75 million baht, closing at 126.50 baht, an increase of 0.50 baht.
PTTEP's trading value reached 1,455.28 million baht, closing at 158.00 baht, down 1.00 baht.
By Phacharathorn Phumikham/Sasithorn Simaporn
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