InfoQuest News Agency (May 21, 2024)
The stock market closed today at 1,370.83 points, down 7.87 points (-0.57%), with a trading value of 38,402.65 million baht, revealing that the Thai stock market witnessed volatility today due to pressure on energy stocks after the decline in refining margin. They are also concerned about political factors in the country and in addition to foreign factors, Fed officials have come out in support of maintaining high interest rates until inflation clearly slows. The trend on Thursday is expected to continue swinging sideways. Ready to offer resistance at 1,380 points and support at 1,365 points.
The stock market closed today at 1,370.83 points, down 7.87 points (-0.57%), with a trading value of 38,402.65 million baht.
Today's stock trading index fell. The lowest point was 1367.14 points and the highest point was 1376.94 points.
As for securities, the changes today increased by 198 securities, decreased by 287 securities, and remained unchanged by 175 securities.
Today, the Thai stock market is swinging to the downside, said Mr. Therdsak Thawithiratham, Deputy General Manager of Research at Asia Plus Securities. With the pressure to sell large shares in the energy sector from the unique factor in the refining margin that fell. Including concerns about internal and political factors regarding the submission of 40 members to the Constitutional Court to consider the position of Prime Minister. Appointing Mr. Phichit Chuenpan as Minister of the Prime Minister's Office. But recently it became clear that he quit. It makes you relieve some of your worries.
At the same time, there remain additional concerns about external factors regarding the US Federal Reserve's interest rate direction. Yet an official from the Federal Reserve Bank's Atlanta branch came out in support of maintaining high interest rates until inflation clearly slows. As a result, market expectations for US interest rates are expected to fall to just once this year, making it a factor weighing on the stock market.
The trend is expected to swing sideways on Thursday after tomorrow's close. By following up on the disclosure of the minutes of the Federal Reserve Board meeting. Including we still have to follow the political factors in the country to find out what will happen next. With resistance at 1,380 points and support at 1,365 points.
The securities with the highest trading value are 5 securities
CPALL's trading value reached 1,569.43 million baht, closing at 59.25 baht, an increase of 0.75 baht.
Trading value on the NEX Stock Exchange reached 1,377.39 million baht, closing at 4.06 baht, down 0.40 baht.
PTT's trading value reached 1,372.01 million baht, closing at 33.75 baht, down 0.25 baht.
The highest trading value was 1,321.99 million baht, closing at 50.50 baht, down 1.75 baht.
AOT's trading value reached 1,193.72 million baht, closing at 66.00 baht, an increase of 0.25 baht.
By Jerayut Chanseongsakul/Ratchada Kongkhonthian
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