Thai stocks closed 0.80 points positive this morning, wavering as concerns about a US recession eased before narrowing to accept poor corporate balance sheets: InfoQuest

The stock exchange closed this morning at 1,297.05 points, up 0.80 points (+0.06%), with a trading value of nearly 22,047 million baht.

Morning trading The index is volatile. The highest level reached 1309.66 points and the lowest level reached 1292.80 points.

Mr. Wathan Jetsomanwek, Director of Strategic Analysis at Phai Securities, said that the Thai stock market witnessed volatility in the morning. During the opening period, the market rose in line with Asian stock markets. After investors eased their concerns about the US recession to some extent after the number of people applying for unemployment benefits was lower than expected, the market turned to contraction to bear the pressure from the performance of Thai listed companies (Limited) that did not come out well, especially after TIDLOR revealed that its NPL is higher than the target. This also affected the selling of non-banking stocks. In addition, CPAXT shares found profit-taking after earnings came out as good as expected, etc.

The market is expected to have an afternoon trend. It is likely to move within the support range of 1,293-1,290 points and the resistance level of 1,310 points. It is advisable to watch the US inflation figures. Budget announcement Thai listed companies in the final round next week

The securities with the highest trading value are 5 securities.

PTT's trading value reached 1,191.33 million baht, closing at 32.50 baht, up 0.25 baht.

Trading value reached 997.85 million baht, closing at 4.14 baht, up 0.30 baht.

Gulf shares closed at 47.75 baht, up 0.25 baht, with a trading value of 967.74 million baht.

ADVANC's trading value was 890.73 million baht, closing at 244.00 baht, up 5.00 baht.

TIDLOR's trading value reached 890.73 million baht, closing at 13.60 baht, down 2.10 baht.

By InfoQuest News Agency (August 09, 2024)

Tags: group, stock market, thai stock market, thai stocks

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