Thai stocks close positive 6.09pts, swinging amid US inflation watch – National Policy – Q2 Budget/67 Bank Group: InfoQuest

The stock exchange closed today at 1,329.37 points, up 6.09 points (+0.46%), with a trading value of 40,340.15 million baht.

Stock Trading Today The index is fluctuating within a range. The lowest point was 1320.00 points and the highest point was 1330.01 points.

As for securities, today's changes increased by 247 papers, decreased by 204 papers, and remained unchanged by 197 papers.

“The Thai stock market is trading in a range today as investors are still waiting for new factors. Especially the US Consumer Price Index (CPI) for June tonight. The market expects headline inflation to come in at 3.1% y/y and core inflation to come in at 3.4% y/y. If the result is lower than expected, it will be good for the market. It increases the likelihood of the Federal Reserve (Fed) cutting interest rates in September,” said Wathan Jetsumnuik, Director of Strategic Analysis at Pye Securities.

In the country we are still following the political issues. After the Constitutional Court has not yet decided on the issue of the Prime Minister's qualifications. The next consideration date has been set for July 24, 2024 and the second quarter results of the banking group will be announced gradually next week. Including the progress of amending the terms of the TESG Fund, will it be presented to the Cabinet (Cabinet) meeting next week or not?

Market Trends Tomorrow The price swung sideways within the range, giving support at 1,315 points and resistance at 1,340 points.

The securities with the highest trading value are 5 securities.

Delta's trading value reached 2,718.70 million baht, closing at 90.75 baht, up 4.25 baht.

EA's trading value reached 2,395.99 million baht, closing at 13.60 baht, up 1.20 baht.

PTT's trading value was 2,130.40 million baht, and it closed at 32.75 baht, down 0.50 baht.

ADVANC's trading value reached 1,415.03 million baht, closing at 222.00 baht, up 1.00 baht.

CPALL's trading value reached 1,413.76 million baht, closing at 57.75 baht, up 0.25 baht.

By InfoQuest News Agency (July 11, 2024)

Tags: Set, Set Index, Thai Stock Market, Jetsomnok Homeland, Thai Stocks

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