The market is anxious, awaiting the results of the Fed meeting. Watch for signs of interest rate cuts. Drag the indicator to close at -3.14 points.

Analysts noted that Thai stocks closed slightly lower -3.14 points. Thai stocks today fluctuated narrowly throughout the day. The latter does not have any positive factors affecting the indicator. Meanwhile, negative factors continue to include concerns about the outcome of the Fed meeting and the Fed Chairman's comments on the direction of interest rate cuts. Assessing tomorrow’s investment framework, the resistance level is 1382 points and the support level is 1370 points, and it is recommended to monitor the political issues in the country from the scheduled reading of the Constitutional Court’s decision on the Imam Party’s political issue. Which is campaigning to amend Measure 112, whether or not that amounts to undermining the government.

The Thai stock market closed for trading on January 30, 2024, down -3.14 points or -0.23%, closing at 1,373.14 points, with a trading value of 42,491.74 million baht, while the total stock trading today. The indicator moved sideways in a narrow range. During the day, the index rose to the maximum at 1,378.34 points, while it decreased in the opposite direction to the minimum at 1,370.70 points.

While the number of securities that changed today increased by 224 securities, remained unchanged by 182 securities, and decreased by 242 securities.

In terms of trading volume classified by investor group, it was found that local investors achieved net purchases of more than 1,171.70 million baht, and securities company accounts achieved net purchases of more than +447.51 million baht. On the other hand, foreign investors were found to be net buying over -1,396.64 million baht and institutional investors were net selling over -222.57 million baht.

The securities with the highest trading value are 5 securities
1. PTTEP's trading value reached 1,596.67 million baht, closing at 146.50 baht, down 3.00 baht.
2.PTT trading value was 1,201.72 million baht, closing at 34.00 baht, down 0.50 baht.
3. BJC's trading value reached 1,173.41 million baht, closing at 23.80 baht, an increase of 0.10 baht.
4. Actual trading value was 979.85 million baht, closing at 5.90 baht, down 0.05 baht.
5.KTB's trading value was 961.38 million baht, closing at 16.10 baht, down 0.20 baht.

As for the SET100 index, the five classifications with the most positive price increases are:
1.The stock closed at 40.25 baht, an increase of 1.00 baht or 2.55%.
2.MTC shares closed at 42.75 baht, an increase of 1.00 baht or 2.40%.
3.INTUCH stock closed at 74.00 baht, an increase of 1.00 baht or 1.37%.
4.DELTA stock closed at 80.00 baht, an increase of 1.00 baht, or 1.27%.
5.EGCO shares closed at 133.50 baht, an increase of 1.00 baht, or 0.75%.

As for the SET100 index, the five classifications with the largest price declines are:
1.PTTEP stock closed at 146.50 baht, down 3.00 baht or 2.01%.
2.SCC stock closed at 269.00 baht, down 2.00 baht or 0.74%.
3.CPN stock closed at 64.50 baht, down 1.25 baht or 1.90%.
4.CRC stock closed at 34.00 baht, down 1.00 baht or 2.86%.
5. SAPPE stock closed at 85.75 baht, down 1.00 baht or 1.15%.

While the SET100 index closed at 1,859.53 points, down -5.38 points, or -0.29%, the SET50 index closed at 838.49 points, down -2.81 points, or -0.33%, and the May Market Index closed at 410.43 points. A decrease of -0.43 points or -0.10%.

Today, the Thai stock market witnessed slight fluctuations throughout the day, said Mr. Sarawut Techukawalit, Senior Director of Securities Analysis Department at RHB Securities (Thailand). There are no new factors affecting the index. Meanwhile, stock markets in Hong Kong and China fell after the Hong Kong High Court ordered the establishment of a Chinese company. Evergrande closes business and sells assets

In addition, the Thai stock market does not have a large trading volume. This is because investors are still waiting to follow factors from the US side, such as private sector employment numbers, the results of the Fed meeting, and the Fed Chairman’s comments about the trend of lowering interest rates. The market believes that the chance of lowering interest rates in this round is decreasing. There will likely be a first rate cut in May or June.

At the same time, oil prices fell slightly. Because the conflict situation in the Middle East has not become more dangerous.

TOMORROW'S TRENDS Investors are awaiting the release of US job opening numbers tonight. If they don't rise sharply, the market probably won't go anywhere far. They still have to follow the Constitutional Court's ruling in the Kayo Clay Party policy case in the campaign to amend Measure 112, whether “This is tantamount to undermining the government or not. This may push the index to swing strongly to provide resistance at 1,382 points and support at 1,370 points.” Mr. Sarawat concluded.

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