Thai stocks closed 11.55 points higher this morning, continuing to receive low US interest rates – expecting economic recovery to accelerate with digital wallets: InfoQuest

• The stock exchange closed the morning session at 1,352.58 points, up 11.55 points (+0.86%), with a trading value of nearly 32,202 million baht.

• Morning trading the index improved well. The highest level was 1354.62 points and the lowest level was 1340.59 points.

Mr. Kornpat Worachit, Head of Research at Krungsri Securities, said that the Thai stock market recovered positively this morning. Benefit from the US low interest rate cycle. The domestic economy is recovering. Expect more positivity from the vision of former Prime Minister Thaksin Shinawatra. Presented the guidelines for comprehensive economic recovery in the short, medium and long term through the main policy guidelines. Things to accelerate are the digital wallet (some formats have been modified), household debt resolution, entertainment complex, and data center which will be the factors that support the economy to start expanding again and accelerate, supporting the SET group to continue the recovery.

In addition, we can see today that there is speculation about the Bai Thong Than 1 government expecting to implement economic stimulus measures immediately. Having already set up the credit line helps support the picture of economic recovery in the coming period.

The trend this afternoon looks set to continue to rebound, with resistance at 1355-1360 points and support at 1340 points.

The securities with the highest trading value are 5 securities.

• Issam The trading value reached 2,745.07 million baht, closing at 7.40 baht, an increase of 1.45 baht.

• Savings and Credit Bank The trading value reached 1,985.53 million baht, and closed at 109.50 baht, up 3.50 baht.

• Key Bank The trading value was 1,765.73 million baht, and closed at 142.00 baht, up 2.00 baht.

• Bubble The trading value reached 1,483.38 million baht, and closed at 140.00 baht, up 2.50 baht.

• push to talk The trading value reached 1,272.39 million baht, and closed at 34.50 baht, up 0.25 baht.

By InfoQuest News Agency (August 23, 2024)

Tags: SET, SET Index, Kornpat Worachet, Thai Stock Market, Thai Stocks