Shares were down 9.23 points this morning on TFEX contracts and another area where the baht weakened on expected selling pressure from foreign investors. Pressure to sell especially large stocks. Although there are no new factors that significantly affect the Thai stock market. The afternoon trend is still negative.
Mr. Psiphon Nompidoxarone Managing Director Thailand's stock market fell in the morning, securities trading divisionBualuang Securities said. Part of this comes from pot wear. Selling pressure from foreign investors is expected. Pressure to sell especially large stocks. Although there are no new factors that significantly affect the Thai stock market.
At the same time, pressure is still coming from the change in the TFEX contract to close Series M and switch to Series U, with China factors reporting profits for companies in the industrial sector last month. May ended lower compared to the previous month, putting pressure on stock market sentiment in Asia this morning, which rallied this morning.
As for the Thai stock market, the morning half-day trade ended at 1,309.92 points, down 9.23 points or -0.70%, with a trade value of around 15,640 million baht.
The trend of the Thai stock market in the afternoon is expected to continue to fluctuate in the negative territory. Investors are still waiting to follow Friday night's US PCE index report with no new factors entering. The US Federal Reserve (Fed) provides resistance at 1,330 points and support at 1,300 points to gauge interest rate direction.
“Avid gamer. Social media geek. Proud troublemaker. Thinker. Travel fan. Problem solver.”