SET INDEX closes -0.69 points, investors reduce risk during long holidays

2023-05-02 15:24:00

Thai stocks closed down -0.69 points, brokers pointed out that investors slowed down trading. Because the Thai stock market trading session this week opened for only 2 days and was also in the hot topics such as the Federal Reserve meeting (Fed) and the European Central Bank (ECB) meeting, which significantly affected the direction of the index. Causing most investors to choose to slow down their investment to reduce their risk. Estimate tomorrow’s investment framework, support at 1,500 points and resistance at 1,540 points.

The Thai stock market closed for trading on May 2, 2023, down -0.69 points or -0.05%, closing at 1,528.43 points, trading value at 39,979.71 million baht, while overall investment today, the index moved in positive territory. The market opened in the morning before gradually dropping into negative territory before closing for midday trading. and moves in negative territory until the market closes Intraday rose to a maximum of 1,535.35 points, on the other hand, dropped as low as 1,517.98 points.

While the securities that changed today increased by 378 securities, 439 remained unchanged, and decreased by 982.

Regarding trading volume classified by investor groups, it was found that foreign investors net purchase of more than +1,486.64 million baht. Domestic investors had net sales of -394.23 million baht, securities brokerage accounts had net sales of -686.14 million baht, and institutional investors had net sales of over -406.27 million baht.

The securities with the highest trading value of the 5 securities
1.KBANK, trading value 1,376.70 million baht, closed at 127.50 baht, an increase of 2.50 baht
2.DELTA, trading value 1,340.99 million baht, closed at 76.50 baht, an increase of 3.75 baht
3.KTB, trading value 1,275.34 million baht, closed at 18.10 baht, an increase of 0.10 baht.
4.CPALL, trading value 1,136.02 million baht, closed at 64.50 baht, down 0.25 baht
5.PTT, trading value 1,064.41 million baht, closed at 31.00 baht, unchanged price

While the SET100 index closed at 2,065.32 points, an increase of 5.69 points or 0.28%, the SET50 index closed at 927.01 points, an increase of 4.29 points or 0.46% and the mai market index closed at 494.06 points, a decrease of -7.93 points or -1.58%.

Mr. Wichit Arayapisit, senior director and investment strategist at Maybank Securities (Thailand), said that the Thai stock market today continued to decline and was weaker than other stock markets in Asia. Because this week the Thai stock market will be open for only 2 days and during the long holiday there will be important global economic issues abroad. Whether it is the Federal Reserve meeting (Fed) and the European Central Bank (ECB) meeting, etc., which are considered fragile to the market and have no high uncertainty. Causing investors to choose to sell to reduce the risk first

“This period is also approaching May 14, which is also a big election in Thailand. Causing some investors to postpone investment to wait for clarity on which political party will win the government If there is more clarity, it will come back to be a factor supporting the Thai stock market in the next period.

while the trend of tomorrow The market has a chance to continue to seep down. from reducing risks before long holidays by evaluating the support at 1,500 points and the resistance at 1,540 points

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