The morning closed 0.34 points negative, and volatility within a narrow range reduces the chance of the Fed cutting interest rates to just 1 point.

InfoQuest News Agency (June 13, 2024)

The SET group closed the day at 1,316.35 points, down 0.34 points (-0.03%), with a trading value of approximately 18,709 million baht, indicating that the Thai stock market index this morning fluctuated within a narrow range. After inflation numbers in the United States were lower than expected and the results of the Federal Reserve meeting kept interest rates as expected, but Dot Plot indicates that the Fed will cut interest rates only once this year, along with domestic factors that are still under pressure. Due to political uncertainty in three important cases next week. The trend is expected to fluctuate in the afternoon in the next frame, support is 1300 points and resistance is 1330 points.

Stock trading: The market closed this morning at 1,316.35 points, down 0.34 points (-0.03%), with a trading value of approximately $18,709 million.

Morning trading The index fluctuates within a narrow range. The highest level was 1323.33 points, and the lowest level was 1314.78 points.

Mr Wichit Arayapisit, Investment Strategist Liberator Securities said the Thai stock market index fluctuated this morning in a narrow range of positive and negative. After last night, the US announced that the Consumer Price Index (CPI) and core CPI came in lower than expected. Meanwhile, the results of the Fed meeting kept interest rates as the market expected. But under pressure from interest rate expectations (dot plot), Fed officials indicated that they would cut rates only once this year, instead of previous expectations of two rate cuts.

Along with internal factors, politics remains an issue that needs further follow-up. As of yesterday, the Constitutional Court ordered the submission of additional evidence in the case of dissolving the Cao Clay Party. The hearing was scheduled for June 18, the same day as the impeachment trial of Prime Minister Sitha Thavisin, with prosecutors scheduled to bring charges against Thaksin Shinawatra, the former prime minister, for violating Section 112 of the Criminal Code.

The trend of the Thai stock market in the afternoon is expected to fluctuate within the support level of 1,300 points and the resistance level of 1,330 points.

The securities with the highest trading value are 5 securities

Delta's trading value reached 844.98 million baht, closing at 78.50 baht, an increase of 0.50 baht.

KBANK's trading value reached 787.38 million baht, closing at 129.00 baht, an increase of 3.50 baht.

AOT's trading value reached 761.97 million baht, closing at 60.00 baht, an increase of 0.50 baht.

KCE's trading value reached 568.78 million baht, closing at 44.25 baht, an increase of 1.00 baht.

SCB Bank's turnover reached 549.37 million baht, closing at 104.50 baht, an increase of 0.50 baht.

By Warrenthon Sirenok/Sasithorn Simaporn