InfoQuest News Agency (17 Nov. ’23)
The SET closed down 2.36 points (-0.17%) this morning at 1,412.98 points, with a trade value of approximately 28,342 million baht. The Thai stock market outperformed regional markets this morning. But the volume is not much. This is possible after retail investors announced a trading halt on Monday, November 20, as the market waits to see the 3Q23 GDP numbers, which will also be announced on Monday, in anticipation of the government releasing measures to support stocks. It is expected to be better than 2Q23. In the afternoon, it is expected to fluctuate sideways. It offers resistance at 1,430 points and support at 1,405 points.
The stock market closed down 2.36 points (-0.17%) this morning at 1,412.98 points, with a trade value of approximately 28,342 million baht.
In morning trade the index is moving in both negative and positive territory. The high was 1,422.68 points and the low was 1,406.21 points.
Assistant Managing Director and Head of Research, Krungthai Xspring Securities Mr. Thanomchak Saharatsai said the Thai stock market outperformed regional markets this morning. But the trade value is not much. This probably comes from country factors. The SET index has not fallen since the news that small investors will hold a strike on Monday, November 20. Small investors are expecting the government to announce measures.
Additionally, investors are also awaiting the announcement of Thailand GDP figures for the 3rd quarter of 2023 on Monday morning, November 20. The market is expecting better than GDP in 2Q23, which grew by only 1.8%, so there is buying power, which is an opportunity to buy when the market falls.
Although selling pressure eased in the energy and technology groups, the overall picture for the Thai stock market this morning was not too subdued.
In the afternoon, the Thai stock market is expected to swing sideways. 1,430 offers resistance and 1,405 offers support, which may depend on the way down.
In respect of bonds with high trading value, 5 bonds
CPALL traded at 1,721.27 million baht, closing at 56.50 baht, down 0.75 baht.
PTT traded at 1,398.19 million baht, closing at 33.75 baht, down 0.75 baht.
PTTEP traded at 1,057.15 million baht, closing at 158.50 baht, down 3.00 baht.
HANA traded at 909.47 million baht, closing at 43.50 baht, down 1.75 baht.
GPSC traded at 855.24 million baht, closing at 48.00 baht, an increase of 0.75 baht.
By Savalak Ponphon/Ratsada Kongunthian
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