Thai shares closed up +12.09 points, benefiting from lower bond yields and a weaker dollar.

Thai shares closed the market +12.09 points.Analysts revealed that the index recovered as US government bonds or bond yields fell and the US dollar exchange rate weakened. Market Reflects Recovery Looking at investment trends next week, they are still on a recovery path. Estimate resistance range of the index at 1,420-1,430 points and support at 1,360 points. We recommend monitoring the announcement of entering and exiting stock names in the SET50 and SET100 indices.

The Thailand Stock Exchange closed trading on December 15, 2023, up +12.09 points or +0.88% to close at 1,391.03 points with a trade value of 61,137.63 million baht, while the overall stock trading index continued to rise today. It rose to a high of 1,398.65 points during the day and fell to a low of 1,382.13 points in the opposite direction.

Meanwhile, the number of securities traded today increased by 328 securities, remained unchanged at 173 securities and decreased by 146 securities.

Based on trading volume classified by investor group, it was found that foreign investors net purchases of +3,193.43 million baht and institutional investors net purchases of +889.26 million baht. On the other hand, it was found that domestic investors made a net sale of -3,363.58 million baht and securities institutional accounts made a net sale of -719.11 million baht.

In respect of bonds with high trading value, 5 bonds
1.CPALL trading value was 3,327.45 million baht, closed at 54.00 baht, an increase of 1.00 baht.
2.BDMS trade value 3,301.30 million baht, closed at 25.75 baht, price unchanged.
3.AOT trading value was 2,854.28 million baht, closing at 61.00 baht, an increase of 1.25 baht.
4.PTT trade value 2,267.74 million baht, closed at 35.75 baht, price unchanged.
5.PTTEP trading value was 2,214.01 million baht, closed at 147.00 baht, an increase of 3.50 baht.

For the SET100 index, the five rankings with the most favorable price increases are:
1.PTTEP 147.00 baht, an increase of 3.50 baht or 2.44%.
2.SCC is 295.00 baht, an increase of 3.00 baht or 1.03%.
3.EA closed at 45.50 baht, up 2.00 baht or 4.60%.
4.KBANK to 130.50 baht, an increase of 2.00 baht or 1.56%.
5.BH closed at 218.00 baht, up 2.00 baht or 0.93%.

For the SET100 index, the five indexes with the biggest price declines are:
1.Delta shed 2.50 baht or 2.92% to close at 83.25 baht.
2.THG 55.75 baht, down 1.50 baht or 2.62%.
3.TCAP was down 1.00 baht or 2.03% to close at 48.25 baht.
4.KCE closed down 0.75 baht or 1.35% at 54.75 baht.
5.BTG lost 0.70 baht or 2.97% to end at 22.90 baht.

While the SET100 index gained 18.38 points or 0.97% to end at 1,910.38 points, the SET50 index gained 8.83 points or 1.03% to end at 863.64 points and the mai market index gained 395.87 points to end at 725.87 points. or 0.69%.

Krungsri Patanasin Securities Director of Research and Investment Services Mr. Kornpot Voracet said. Bond yields from the US government continue to decline. This corresponds to the weakness of the dollar. It entered a downward trend after the US Federal Reserve (Fed) sent a clear signal to cut interest rates in 2024, supported by the release of Chinese economic data. There are signs of recovery, including China’s central bank injecting 800 billion yuan in liquidity, the largest monthly liquidity injection on record.

Meanwhile, Thailand’s stock market is starting to show a picture of recovery after a sharp decline. Groups with strong purchasing power such as AOT, as well as energy, power plants and petrochemicals groups benefited from lower bond yields and a weaker dollar. The result is praise for Pat.

“The trend for the next week is that the stock market is still in the recovery phase. Following the announcement of names of stocks entering and exiting the SET50 and SET100 indices, but entering the period close to the Christmas holiday. It sees the investment structure as resistance at 1,420-1,430 points and support at 1,360 points. The overall business picture is lighter. Mr. Cornpot finished.