Thai stock market trend this week 25-29 September 2023. Brokers see the index still swinging sideways. Stay tuned for the results of the Monetary Policy Committee meeting in the middle of the week, and expect the index to range between 1515-1530 points.
Ms. Chothikarn Santimithviron, Senior Director, Securities Analysis Department, Philip Securities (Thailand) stated that Thai stock market trend This week (September 25-29, 2023) the Thai stock market will continue to swing sideways. There is a limited rise, the support level is 1,520-1,515 points, and the resistance level is 1,530 points.
Because there are still pressure factors from US government bond yields (Bond yield) which improved including concerns about third-quarter 2023 earnings in commercial bank stocks.
It is also necessary to follow up on the meeting. Monetary Policy Committee (MPC) At present, the market still sees a 50:50 chance of maintaining interest rates. Or an increase in interest rates and the disclosure of Thai export figures are expected to be less negative than the depreciation of the baht.
While the Thai stock market closed last weekend (September 22, 2023), at 1,522.59 points, an increase of 8.33 points (+0.55%) with a trading value of 57,160.61 million baht.
The lowest point was 1509.66 points, and the highest point was 1527.14 points. The securities changed by 238 securities, decreased by 194 securities, and remained unchanged by 214 securities.
- institution Net purchase 347.86 million baht
- Securities account Net sales 370.91 million baht
- outside Net sales 1,304.84 million baht
- in the country Net purchase: 1,327.89 million baht
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