Thai stocks fell -3.04 points, the market hopes LTF funds will revive the index.

Thai stocks closed down -3.04 points, analysts revealed. Thai stocks lack new factors to support them There are no new supportive factors The market is responding to the issue of interest rate cuts by the Federal Reserve (Fed) this year, however, the market is hopeful that long-term equity mutual funds (LTF) will stimulate the index in the medium term. ​​And help reduce the downward trend. Evaluate the investment framework tomorrow as support at 1370 points and resistance at 1385 points.

The Thai stock market closed for trading on May 8, 2024, down -3.04 points or -0.22%, closing at 1,373.33 points, with a trading value of 42,251.03 million baht, while the total stock trading today amounted to the index fluctuating sideways. During the day, it rose to a maximum of 1,379.04 points, and in the opposite direction, it fell to a minimum of 1,372.86 points.

While the number of securities that changed today increased by 226 securities, remained unchanged by 190 securities, and decreased by 238 securities.

In terms of trading volume classified by investor group, it was found that net foreign investors sold more than -1,497.22 million baht, net institutional investors sold more than -25.84 million baht, and local investors made net purchases of more than +1,261.11 million baht. Finance with net purchases of over +261.95 million baht.

The securities with the highest trading value are 5 securities
1.The actual trading value was 2,023.14 million baht, closing at 8.75 baht, an increase of 0.25 baht.
2. PTT’s trading value reached 2,015.07 million baht, closing at 33.75 baht, unchanged.
3. The trading value of KBANK shares reached 1,836.14 million baht, closing at 132.50 baht, an increase of 0.50 baht.
4.ADVANC's trading value was 1,808.99 million baht, closing at 206.00 baht, down 3.00 baht.
5. CPALL(XD)'s trading value reached 1,482.46 million baht, closing at 57.50 baht, down 0.75 baht.

As for the SET100 index, the five classifications with the most positive price increases are:
1.SISB stock closed at 40.50 baht, an increase of 2.00 baht or 5.19%.
2.MTC shares closed at 46.50 baht, an increase of 1.25 baht, or 2.76%.
3.RCL stock closed at 22.20 baht, an increase of 1.20 baht or 5.71%.
4.AEONTS stock closed at 165.00 baht, an increase of 1.00 baht or 0.61%.
5.MOSHI stock closed at 52.50 baht, an increase of 0.75 baht or 1.45%.

As for the SET100 index, the five classifications with the largest price declines are:
1.ADVANC stock closed at 206.00 baht, down 3.00 baht or 1.44%.
2.SAWAD (XD) stock closed at 37.75 baht, down 2.75 baht or 6.79%.
3.SCC stock closed at 247.00 baht, down 2.00 baht or 0.80%.
4.BH stock closed at 250.00 baht, down 2.00 baht or 0.79%.
5.CBG stock closed at 67.25 baht, down 1.00 baht or 1.47%.

While the SET100 index closed at 1,864.72 points, down -5.18 points, or -0.28%, the SET50 index closed at 843.29 points, down -2.43 points, or -0.29%, and the May Market index closed at 389.62 points, down -2.37 points, or -0.60%.

Today, the Thai stock market is swinging sideways within a narrow range, said Mr. Narongdit Chanthabeesarn, Director of Securities Analysis at AIRA Securities. No new supporting factors The market has already responded to the Fed's interest rate cuts this year, including the QT limit cut in June.

While the proposal to revive long-term equity mutual funds (LTFs), it is expected to help limit the downside a bit in the medium to long term. It should help the money flow again. However, clarity must be followed. Including the fund conditions from the initial news, can be considered positive psychology for the market.

“The outlook for the Thai stock market tomorrow is expected to hover in positive territory. Investors are awaiting follow-up disclosure of total imports and exports. April China Monthly Trade Balance Tomorrow will be an assessment of the general economic trend, including follow-up progress reports on the operating results of listed companies in the first quarter of 2024. , which gave a support frame of 1370 points and a resistance level of 1385 points. Mr. Narongdj concluded his speech.