Large cap stocks put pressure on the SET INDEX, closing -6.63 points lower, eyeing 1,420 points next week.

Thai stocks closed down -6.63 points, and analysts pointed out that selling pressure in large stocks was putting pressure on the market. Especially Delta and the electronic components group. There is also a rise in US bond yields. This caused selling pressure in technology stocks, pushing the Nasdaq down as well. The investment framework is evaluated next week at the support level of 1420 points and the resistance level of 1450 points, indicating that it may contract somewhat but is expected to remain above the positive zone.

The Thai stock market closed its trading on January 5, 2024, down -6.63 points, or -0.46%, to close at 1,427.96 points, with a trading value of 51,141.32 million baht, while the total index of today's stock trading declined throughout the day. During the day, it rose to a maximum of 1,438.10 points, and in the opposite direction, it fell to a minimum of 1,425.40 points.

While the number of securities that changed today increased by 251 securities, remained unchanged by 153 securities, and decreased by 243 securities.

In terms of trading volume classified by investor group, it was found that foreign investors had net sales of more than -3,096.17 million baht. On the other hand, it was found that local investors had net purchases of more than +1,882.49 million baht, and the accounts of securities companies recorded net purchases of more than +342.53 million baht, and institutional investors made net purchases of +871.14 million baht.

The securities with the highest trading value are 5 securities
1.AOT trading value was 2,462.55 million baht, closing at 63.50 baht, down 0.50 baht.
2.ADVANC's trading value was 2,121.45 million baht, closing at 214.00 baht, down 5.00 baht.
3.CPALL trading value reached 2,040.29 million baht, closing at 55.50 baht, down 0.50 baht.
4.KBANK's trading value reached 1,954.82 million baht, closing at 136.00 baht, an increase of 1.50 baht.
5. Delta's trading value was 1,883.64 million baht, closing at 84.25 baht, down 2.75 baht.

As for the SET100 index, the five classifications with the most positive price increases are:
1.AEONTS stock closed at 163.00 baht, an increase of 5.00 baht or 3.16%.
2.BH shares closed at 227.00 baht, an increase of 3.00 baht or 1.34%.
3.KBANK stock closed at 136.00 baht, an increase of 1.50 baht or 1.12%.
4.PTTEP stock closed at 151.00 baht, an increase of 1.50 baht or 1.00%.
5.BBL stock closed at 155.50 baht, an increase of 1.00 baht or 0.65%.

As for the SET100 index, the five classifications with the largest price declines are:
1.ADVANC stock closed at 214.00 baht, down 5.00 baht or 2.28%.
2.SAPPE stock closed at 89.00 baht, down 3.25 baht or 3.52%.
3.DELTA stock closed at 84.25 baht, down 2.75 baht or 3.16%.
4.SCC stock closed at 301.00 baht, down 2.00 baht or 0.66%.
5. GPSC stock closed at 48.75 baht, down 1.75 baht or 3.47%.

While the SET100 index closed at 1,941.17 points, down -14.51 points, or -0.74%, the SET50 index closed at 874.81 points, down -6.63 points, or -0.75%, and the May Market Index closed at 419.50 points. A decrease of -2.75 points or -0.65%.

Today, the Thai stock market index is swinging sideways, showing signs of trying to recover, said Mr. Narongdit Chanthabeesarn, Director of Securities Analysis at AIRA Securities. But there was not enough support. Meanwhile, there was strong selling pressure on large-cap stocks, especially DELTA and electronic components stocks, which put pressure on the market. The US government bond yield (bond yield) tried to rebound. Stimulating selling pressure in technology stocks, causing the Nasdaq to remain closed in negative territory.

In addition, oil prices are volatile. The market has no new factors to support it after we learned of the prediction that the US Federal Reserve (Fed) will cut interest rates.

“The market trend next week expects the index to swing sideways at the support area of ​​1420 points. It may shrink somewhat but it is expected to remain stable and the resistance level is 1450 points.” Mr. Narongdj concluded his speech.