Thai stock sentiment on January 10, 2024 fluctuated in positive and negative territory. From selling pressure on the banking group's shares after the government pressured the Bank of Thailand to cut interest rates. Brokers lowered their target prices for bank shares, with the stock index closing at 5:02 pm at 1,413.52 points, down 1.41 points, or 0.10%, with a trading value of 45,472.82 million baht, while the MAI market closed at 418.18 points. An increase of 1.18 points, or 0.28%, with a trading value of 1,458.22 million baht.
Mr. Kobsak Phutrakul, Chairman of the Thai Capital Market Business Council (FITCO) said that the Thai stock market index in the first quarter of this year is expected to reach 1,476 points and by the end of 2024 it will be at 1,590 points of the Thai economy this year. It is expected to grow by 3-4%, including the government's economic stimulus measures. Exports have begun to stabilize, the tourism sector is improving more and more, and foreign consumption and investment are returning. Especially in the second half of 2024 due to interest rate cuts by central banks around the world.
Top 5 Traded Securities
1. Bangkok Bank closed at 150.00 baht, down -4.50 baht.
2. Kasikorn Bank closed at 129.50 baht, down -3.00 baht.
3. The stock closed at 235.00 baht, an increase of 7.00 baht.
4.BDMS closed at 27.75 baht, an increase of 0.25 baht.
5.AOT stock closed at 63.00 baht, an increase of 0.25 baht.
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