Analysts revealed that Thai stocks closed the market down by -6.58 points. Pressure from the appreciation of the dollar led to declines in currency exchange rates across Asia, including the Thai baht, affecting foreign capital outflows. Looking at the investment framework for next week, the support level is at 1370 points and the resistance level is at 1400-1410 points, especially the issue of the 2024 annual budget law, if it can be passed in the Senate. It will have a positive impact on the image of the capital market.
The Thai stock market closed for trading on March 22, 2024, down -6.58 points or -0.47%, closing at 1,381.04 points, with a trading value of 39,300.70 million baht, while the total stock trading today. The sideways swing index rose during the day to the maximum at 1389.79 points, and in the opposite direction it decreased to the minimum at 1379.43 points.
While the number of securities that changed today increased by 175 securities, remained unchanged for 176 securities, and decreased by 302 securities.
In terms of trading volume classified by investor group, it was found that foreign investors made net purchases of more than -627.25 million baht. On the other hand, it was found that local investors made net purchases of more than +80.13 million baht, and the accounts of securities companies recorded net purchases of more than +84.87 million baht, and institutional investors made net purchases of +462.25 million baht.
The securities with the highest trading value are 5 securities
1.KTB's trading value reached 3,696.83 million baht, closing at 16.80 baht, an increase of 0.70 baht.
2.CPALL's trading value was 2,242.49 million baht, closing at 54.25 baht, down 0.50 baht.
3.BKGI trading value 1,500.07 million baht, closing at 4.16 baht, down 1.29 baht.
4. Delta's trading value was 1,077.50 million baht, closing at 72.75 baht, an increase of 0.50 baht.
5.AOT trading value reached 980.12 million baht, closing at 65.25 baht, down 0.50 baht.
As for the SET100 index, the five classifications with the most positive price increases are:
1.CENTEL stock closed at 44.75 baht, an increase of 1.00 baht or 2.29%.
2.BBL stock closed at 140.50 baht, an increase of 1.00 baht or 0.72%.
3.FORTH shares closed at 16.60 baht, an increase of 0.70 baht, or 4.40%.
4.KTB stock closed at 16.80 baht, an increase of 0.70 baht or 4.35%.
5.SNNP stock closed at 16.80 baht, an increase of 0.50 baht or 3.07%.
As for the SET100 index, the five classifications with the largest price declines are:
1.SCC stock closed at 252.00 baht, down 6.00 baht or 2.33%.
2.BH shares closed at 227.00 baht, down 3.00 baht or 1.30%.
3.PTTEP stock closed at 152.00 baht, down 2.50 baht or 1.62%.
4.ADVANC stock closed at 209.00 baht, down 2.00 baht or 0.95%.
5.BCP closed at 45.00 baht, down 1.75 baht or 3.74%.
While the SET100 index closed at 1,877.37 points, down -7.55 points, or -0.40%, the SET50 index closed at 847.80 points, down -3.02 points, or -0.35%, and the May Market Index closed at 415.28 points, down -1.71 points, or -0.41%.
Today, the Thai stock market is swinging sideways in line with the Asian stock market, said Mr Kornpat Worachit, Director of Research and Investment Services at Krungsri Patanasin Securities. Under pressure from the strength of the dollar and as a result, the value of currencies has weakened across Asia. Including the baht and returned to the level of 36.5 baht/dollar, the weakest in 5 months, which affected foreign capital outflows. After the Bank of Switzerland (SNB) surprised by cutting interest rates for the first time in 9 years, the Bank of England (BoE) also sent a signal to cut interest rates.
TREND NEXT WEEK Follow the Senate's consideration of the 2024 Budget Bill. If passed, it will be a driving force for the Thai economy in the second quarter of 2024. Meanwhile, keep an eye on Thailand's February export numbers on March 26, 2024, which the market expects to expand By 3.9%, including the Personal Consumption Expenditures (PCE) Price Index and Core PCE (Core PCE) Index for the US on Friday, March 29, looking at support at 1,370 points and resistance at 1,400-1,410. points
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