The stock market closed today at 1,301.04 points, up 6.34 points (+0.49%), with a turnover of nearly 29,738.04 million baht, indicating that the Thai stock market has improved today in line with the region. After the slowdown in the US economy, which increased the weight of the market, the Federal Reserve cut interest rates for the first time last September, in addition, there was also support from the electronic components group, which led the market. Including the retail banking group, and tomorrow's forecast expects the index to try to build a strong base above the 1,300-point level. Tonight, the US stock market is closed. Meanwhile, domestic factors await the follow-up of inflation figures. The support level is 1,290 points and the resistance level is 1,310 points.
The stock exchange closed today at 1,301.04 points, up 6.34 points (+0.49%), with a trading value of nearly 29,738.04 million baht.
Stocks traded today and the index swung in the positive zone. The index recorded a high of 1,309.46 points, and a low of 1,300.26 points.
As for securities, today's changes increased by 289 papers, decreased by 174 papers, and remained unchanged by 189 papers.
Mr. Chanchai Phantathanakit, Research Director at Maybank Securities (Thailand), said that the Thai stock market rebounded well today. In line with the regional market after the release of the ISM service sector index in the US, the employment figures in the US slowed. As a result, the market expects the Federal Reserve to cut interest rates faster. Last week, the weight was 56%, and increased to 67% that the Fed will cut interest rates for the first time in September.
Meanwhile, the Thai stock market today is being supported mainly by shares in the electronic components group, which is leading the market. Following the trend of US technology stocks, it was supported by a decline in US government bond yields (bond yields) and there was a recovery in buying pressure in the commercial and retail banking sectors.
The index is expected to try to build a base above 1,300 points tonight, as the US stock market is closed, causing no feelings from abroad. While you are in the country after the monthly inflation numbers and June is expected to slow down at the support level of 1,290 points and the resistance level of 1,310 points.
The securities with the highest trading value are 5 securities.
AOT trading value reached 1,946.10 million baht, closing at 56.75 baht, up 0.50 baht.
CPALL's trading value was 1,282.09 million baht, and it closed at 54.75 baht, down 0.50 baht.
EA trading value 907.34 million baht, closed at 12.20 baht, price unchanged.
PTTEP's trading value was 826.66 million baht, closing at 152.00 baht, down 1.00 baht.
BDMS's trading value reached 819.33 million baht, closing at 26.50 baht, up 0.50 baht.
By InfoQuest News Agency (July 04, 2024)
Tags: group, group index, thai stock market, thai stocks