Thai shares closed this morning down 6.59 points, oscillating within a narrow range in the region, with no new supporting factors – close to the long Chinese New Year holiday: InfoQuest

The stock market closed this morning at 1,393.43 points, down 6.59 points (-0.47%), with a trading value of about 22,896 million baht.

Stock trading this morning saw a narrow swing in the index. The lowest point was 1393.09 points, and the highest point was 1403.80 points.

The Thai stock market moved in a narrow range in the morning, said Mr. Wathan Jetsomnoik, Director of Strategic Analysis at Phai Securities. Trading value is lighter. In line with stock markets in Asia due to the lack of new support factors following the results of yesterday's Monetary Policy Committee meeting, interest rates held steady as expected.

Investors are returning to focus on earnings reports of listed companies (listed companies), including waiting for the release of inflation numbers in the US Consumer Price Index next week. This will determine the direction of interest rates for the Federal Reserve (Fed) at its next meeting. In addition, it is approaching the long Chinese New Year holiday period for many stock markets.

The afternoon trend predicts that the market is still fluctuating within a narrow range. As in the morning, the support level is 1,390 points and the resistance level is 1,410 points.

The securities with the highest trading value are 5 securities

KBANK's turnover reached 1,100.92 million baht, closing at 122.00 baht, down 1.50 baht.

PTTEP's trade value reached 973.14 million baht, closing at 154.00 baht, an increase of 0.50 baht.

PTT's trading value reached 821.76 million baht, closing at 34.75 baht, down 0.25 baht.

ADVANC had a trading value of 808.30 million baht, closing at 216.00 baht, down 2.00 baht.

BBL's turnover reached 708.62 million baht, closing at 143.00 baht, an increase of 1.00 baht.

Written by InfoQuest News Agency (08 February 2024)

Tags: group, thai stock market, thai stocks

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