SET closes 20 points, eases worries about politics-GDP better than expected – strong baud support

Mr. Siphon Nompidaxeron Managing Director Securities Trading Division Bualuang Securities The Thai stock market was bullish today. Backed by large stocks in particular, the banking group and CPALL-led Domestic Play Group supported the index after NESDB announced in the morning that Thailand economic numbers for 2Q24 expanded 2.30%, which was better than expected, supporting sentiment.

Meanwhile, the pod continues to grow stronger. Foreign purchasing power has also come to the rescue as a result, with investors more optimistic after the political climate eased tensions when a new prime minister officially took office. As for other stock markets in Asia, they turned positive and negative today.

Tomorrow's trend is expected to turn sideways pending a follow-up to this week's Federal Reserve (Fed) meeting in Jackson Hole. The market is looking to send a signal about the direction of US interest rates. Expect to see the first interest rate cut at the September Fed meeting. You should also follow the Monetary Policy Committee (MPC) meeting on August 21.

The resistance level is 1,330 points and the support level is 1,310 points.

Bonds with high trading value 5 Bonds

KBANK Trade value was 4,788.67 million baht, up 5.00 baht to close at 138.50 baht.

PBL Trade value was 2,708.47 million baht, up 3.50 baht to close at 134.00 baht.

scb Trade value was 1,853.48 million baht, closing at 106.50 baht, an increase of 3.00 baht.

CPALL Trade value was 1,573.64 million baht, closing at 57.00 baht, an increase of 1.25 baht.

EA Trade value was 1,509.00 million baht, up 0.68 baht to close at 4.92 baht.

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