The Thai stock market closed down -5.14 points. The brokerage pointed out that investors are waiting for the Fed meeting tonight whether to hit the interest rate frame as estimated or not. On the other hand, Bond Yield jumped nearly 4%, reflecting market fears that the Fed would raise inflation. Use the 1% interest rate drug or not, which may maintain the new interest rate measures until March 2023 after the inflation outlook does not respond as it should. Although the US economic numbers have not worsened. Assessing tomorrow’s index frame may leave fate with the outcome of the Fed meeting tonight. If signaling a strong interest rate hike The stock market continued to decline. by evaluating key support at 1,617 points and resistance at 1,650 points
The SET closed for trading on September 21, 2022, down -5.14 points or -0.31%, closing the market at 1,633.45 points, trading value 70,140.73 million baht. narrow both positive and negative territory Intraday, the index rose as high as 1,642.82 points, while dropping as low as 1,633.41.
Today’s changing stocks rose 502, 453 were unchanged, and 1,248 were down.
In terms of trading volume classified by investor group, it was found that Domestic investors bought a net of +2,435.01 million baht. Foreign investors net sales of -1,002.31 million baht, securities accounts net sales of -384.13 million baht, and institutional investors net sales of over -384.13 million baht. -1,048.57 million baht
As for the securities with the highest trading value, the 5 securities
1.PTTEP trading value 4,604.28 million baht, closed at 174.50 baht, an increase of 5.00 baht.
2.ADVANC trading value 3,253.90 million baht, closed at 193.50 baht, increased 2.50 baht
3.SCC, trading value 3,033.44 million baht, closed at 328.00 baht, decreased by 9.00 baht.
4.TRUE Trading value 2,804.52 million baht, closed at 4.96 baht, increased 0.10 baht.
5.EA trading value 2,348.46 million baht, closed at 89.00 baht, decreased by 2.00 baht
The top 5 SET100 indexes with the highest gains are:
1.PTTEP closes at 174.50 baht, an increase of 5.00 baht or 2.95%.
2.ADVANC closed at 193.50 baht, an increase of 2.50 baht or 1.31%.
3.DTAC closes at 45.25 baht, an increase of 2.00 baht or 4.62%.
4.TOP closes at 56.25 baht, an increase of 1.25 baht or 2.27%.
5.BH closes at 227.00 baht, an increase of 1.00 baht or 0.44%.
The five SET100 indices with the biggest price drop are:
1.EA closes at 89.00 baht, a decrease of 2.00 baht or 2.20 %
2.EGCO closes at 170.50 baht, a decrease of 2.00 baht or 1.16%.
3.SINGER closes at 42.25 baht, a decrease of 1.75 baht or 3.98%.
4.BGRIM closes at 34.00 baht, a decrease of 1.50 baht or 4.23%.
5.TIPH closes at 56.25 baht, a decrease of 1.50 baht or 2.60%.
While the SET100 index closed at 2,221.93 points, a decrease of -7.09 points, or -0.32%, the SET50 index closed at 983.43 points, a decrease of -2.23 points, or -0.23%, and the mai market index closed at 666.62 points, a decrease of -2.67 points or -0.40%.
Mr. Thanomsak Saharatchai, Assistant Managing Director and Head of Research, Krungthai Securities, said that the Thai stock market today fluctuates in line with global stock markets. Because waiting for the results of the US Federal Reserve (Fed) meeting in the afternoon, there is a strong sell-off because the market thinks the Fed will raise interest rates high. The yield on the two-year US bond (Bond Yield) jumped 3.94%, reflecting the market that the Fed may use strong drugs. causing stock markets around the world to decline And the Fed may raise interest rates in this round by 0.75% and may increase another 0.75% next time, which the market Price in and saw selling pressure The selling pressure has been gradually seen for 1-2 weeks, since the latest inflation rate of 8.3%, down 9.5% from the previous month, but inflation has slowed down. I fear that the Fed will use strong drugs. because the US economy is still stable Whether it’s employment numbers and still see the Fed signal a rate hike until March 66, resulting in lower returns on stocks Makes a trend around the world to reduce investment in stocks Or turn to choosing Defensive stocks instead, such as HealthCare stocks with recurring income.
The investment trend of tomorrow We have to wait to see what the Fed meeting is like tonight. If the Fed increases interest rates, stocks are expected to continue falling. But looking at the Thai stock market, it’s not much affected. But as the dollar rose as a result of the interest rate hike, the baht weakened. I’m worried that foreigners will sell out. It will make Thai stocks tend to fluctuate volatility. by assessing the key support at 1,617 points, which is a 200-day moving average, but if not believed to be able to stand But if it falls below this level, the market is likely to fall heavily. Resistance is given at 1,650 points.