Pressure from MSCI's realignment combined with a sell-off on the truth sent Thai stocks tumbling.

Thai stocks closed at -11.38 points, analysts said, with MSCI rebalancing pressures to correct stocks in and out. This has affected major stocks in volatility. And this is the pressure on the big stocks that have been removed from the index calculation, especially the 3 biggest stocks ie BJC, OSP, BANPU, MSCI Global Standard. And there was selling pressure from operating results for most of the listed ones. Assess tomorrow's investment framework with short firms at 1,380 points as resistance and 1,360 points as support. It is recommended to monitor the US PCE inflation report for January. Affects investment trends

The Thailand Stock Exchange ended trading on February 29, 2024, down -11.38 points or -0.82% to close at 1,370.67 points, with a trade value of 73,542.55 million baht. Overall stock trading today, the index moved in negative territory throughout the day. It rose to a high of 1,381.37 points during the day and fell to a low of 1,366.93 points in the opposite direction.

Meanwhile, the number of securities traded today increased by 142 securities, remained unchanged at 137 securities and decreased by 382 securities.

Based on trading volume classified by investor group, it was found that foreign investors sold net -4,336.52 million baht and securities company accounts net -450.66 million baht, on the other hand, it was found. Domestic investors net purchases +4,119.26 million baht and institutional investors net purchases +667.92 million baht.

In respect of bonds with high trading value, 5 bonds
1.BANPU trade value 3,847.45 million baht, closed at 5.60 baht, down 0.10 baht.
2.BJC trade value 3,541.58 million baht, closed at 24.20 baht, down 1.55 baht.
3.BDMS trade value 2,878.60 million baht, closed at 28.50 baht, down 0.50 baht.
4.OSP traded value of 2,363.18 million baht, closed at 20.30 baht, down 0.30 baht.
5.PTT (XD) traded at 2,258.04 million baht, closing at 34.25 baht, down 1.25 baht.

For the SET100 index, the five rankings with the most favorable price increases are:
1.AEONTS 150.00 baht, an increase of 2.50 baht or 1.69%.
2.DELTA was 71.25 baht, up 2.25 baht or 3.26%.
3.SAPPE closed at 86.50 baht, up 2.25 baht or 2.67%.
4.HANA closed at 37.00 baht, up 1.00 baht or 2.78%.
5.BBL closed at 143.00 baht, up 1.00 baht or 0.70%.

For the SET100 index, the five indexes with the biggest price declines are:
1.EGCO 117.50 baht, down 12.50 baht or 9.62%.
2.ADVANC closed at 201.00-baht, down 3.00 baht or 1.47%.
3.BCP is down 41.50 baht, 2.00 baht or 4.60 baht.
4.BH closed down 2.00 baht or 0.88% at 224.00 baht.
5.SCC closed at 269.00 baht, down 2.00 baht or 0.74%.

While the SET100 index fell -13.46 points or -0.72% to close at 1,853.39 points, the SET50 index fell -5.58 points or -0.66% to close at 836.19 points and the mai market index closed at 414.90 points. A decrease of -12.08 points or -2.83%.

Deputy Managing Director of Asia Plus Securities Research Mr. The Thai stock market fell today under pressure from MSCI Rebalance, which is the adjustment in and out of stocks, said Therdsak Davitratham. This has affected major stocks in volatility. And this is pressure on large stocks that have been removed from the index calculation, especially the 3 largest stocks that have been removed from the MSCI Global Standard – BJC, OSP, BANPU.

Meanwhile, listed companies are gradually reporting all their operating results. This creates sales pressure to sell the facts.Also, operating results of most of the listed companies are below expectations. This has raised concerns that profit estimates may be revised. This is another factor that puts pressure on the code. Other Asian stock markets alternated between positive and negative.

“Tomorrow's trend is expected to turn sideways. Tonight, follow the report on US PCE inflation figures for January to see what the results will be. If the market falls more than expected, it may have a positive effect on the overall stock market sentiment. You should follow the direction of the US stock market's response tonight. Resistance at 1,380 points and support at 1,360 points.” Mr. Tertzak concluded.