It closed positive at 3.60, a tight swing point, and is receiving momentum from the 2024 budget to pass successfully – good tourism day and night.

InfoQuest News Agency (March 27, 2024)

The stock market closed today at 1,380.33 points, an increase of 3.60 points (+0.26%), with a trading value of 31,831.28 million baht. It indicates that today the Thai stock market is fluctuating within a narrow range. It continues to receive momentum from the 2024 budget passed by the Senate. The tourism situation is constantly improving. TOMORROW'S TREND Expect a sideways swing similar to today's while waiting for Friday's US PCE numbers. Therefore, it is believed that “Window Dressing” has not happened yet, as the support level is located at 1,370 points, and the resistance level is at 1,393-1,395 points.

The stock market closed today at 1,380.33 points, an increase of 3.60 points (+0.26%), with a trading value of 31,831.28 million baht.

Today's stock trading The index moved within a narrow range, mostly moving in the positive zone. The index recorded its lowest point at 1374.92 points, and its highest point at 1385.07 points.

As for changes in securities, today 253 securities rose, 199 securities decreased, and there was no change in 203 securities.

Today, the Thai stock market is oscillating favorably in a narrow range, said Mr Kornphat Warachit, Director of Research and Investment Services at Krungsri Patanasin Securities. There is still momentum from the Senate meeting that passed the fiscal year 2024 budget bill, causing the stock market to continue to rise. As the tourism situation continues to improve, today the Equal Marriage Law passed its third reading, supporting the service sector that will benefit from this.

Tomorrow, stocks are expected to witness movements similar to what happened today, as the SET index gradually builds a base at the resistance level at 1,393 points and the support at 1,370 points.

Mr. Wathan Jetsomnok, Director of Strategic Analysis at Phai Securities, said that the Thai stock market fluctuates within a narrow range. With no new factors coming in after receiving the Fed's interest rate cut signal, the market awaits the report of inflation figures from the Personal Consumption Expenditures (PCE) price index for February in the US on Friday (March 29).

Tomorrow's Trends Given the stock market environment, it is likely to fluctuate narrowly, waiting for new factors to emerge. Tonight there will be numbers on US oil stocks, the market expects it to fall by 0.7 million barrels, while it is considered unlikely that there will be an embellishment this week because the money from institutional investors has disappeared and the baht remains weak. This makes it difficult for funds to enter. And the foreigners will return.

Support is 1,370 points, and resistance is 1,395 points.

The securities with the highest trading value are 5 securities

BKGI's trading value reached 974.12 million baht, closing at 3.56 baht, an increase of 0.18 baht.

AOT's trading value reached 884.97 million baht, closing at 66.50 baht, an increase of 1.00 baht.

TRUE's trading value reached 884.08 million baht, closing at 8.00 baht, an increase of 0.05 baht.

STC's trading value reached 850.77 million baht, closing at 259.00 baht, an increase of 5.00 baht.

KAMART's turnover reached 667.73 million baht, closing at 15.90 baht, an increase of 1.21 baht.

By Sawalak Phone/Sasithorn Simaporn

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