SET INDEX fell to close at -17.10 points, gloomy politics unclear – US debt ceiling repeated pressure

2023-05-17 13:59:00

Thai stocks fell for 3 consecutive days, closing the market – 17.10 points. As for foreign factors, the US debt issue has not made any progress. Assess investment trends tomorrow, hope for a rebound, the first support level at 1,518-1,507 points, the next support level at 1,485-1,456 points, but if it doesn’t fall off the previous low, it is expected to bounce back to the resistance at 1,533 points.

The Thai stock market closed for trading on May 17, 2023, dropping -17.10 points or -1.11%, closing at 1,522.74 points, trading value 57,401.27 million baht. Overall, today’s stock trading index continued to decline. since the market opened in the morning and moving in negative territory throughout the day Intraday rose to a maximum of 1,543.63 points, on the other hand, dropped to a minimum of 1,517.21 points.

While the securities that changed today increased by 105 securities, 135 remained unchanged, and decreased by 399 securities.

Regarding trading volume classified by investor groups, it was found that Foreign investors sold more than -4,439.34 million baht in net sales. Domestic investors net buy +3,763.53 million baht, brokerage accounts net buy +464.58 million baht and institutional investors net buy +211.22 million baht.

The securities with the highest trading value of the 5 securities
1.AOT, trading value 3,439.11 million baht, closed at 72.00 baht, price unchanged
2.CPALL, trading value 3,239.91 million baht, closed at 63.00 baht, down 1.75 baht
3.GULF, trading value 2,057.08 million baht, closed at 48.00 baht, an increase of 0.25 baht
4.KBANK, trading value 1,837.24 million baht, closed at 133.50 baht, down 2.00 baht
5.SCB trading value 1,827.05 million baht, closed at 103.00 baht, down 1.50 baht

The SET100 index with the highest gains in 5 rankings are:
1.ADVANC closed at 215.00 baht, an increase of 2.00 baht or 0.94%
2.SCC closed at 339.00 baht, an increase of 2.00 baht or 0.59%
3.MEGA closed at 38.75 baht, an increase of 1.00 baht or 2.65%
4.JMT closed at 42.00 baht, an increase of 0.75 baht or 1.82%
5.TCAP closed at 48.25 baht, an increase of 0.75 baht or 1.58%

As for the SET100 index, the top 5 declining prices are:
1.BH closed at 240.00 baht, down 4.00 baht or 1.64%
2.SAWAD closed at 52.50 baht, down 3.75 baht or 6.67%
3.PTTEP closed at 144.50 baht, down 3.50 baht or 2.36%
4.CENTEL closed at 49.25 baht, down 2.50 baht or 4.83%
5.CPN closed at 67.50 baht, down 2.25 baht or 3.23%

While the SET100 index closed at 2,051.71 points, a decrease of -26.42 points or -1.27%, the SET50 index closed at 922.93 points, a decrease of -11.42 points or -1.22% and the mai market index closed at 488.04 points, a decrease of -6.65 points or -1.34%.

Mr. Thanomsak Saharatchai, senior assistant managing director for research, Krung Thai Securities Xspring, said that the Thai stock market today dropped. under pressure from foreign and domestic factors In the country, it is a result of uncertainty whether a government can be formed or not. while abroad Discussions to increase the US debt ceiling have not made any progress. As a result, investors slow down their investment. and foreign investors also sold to adjust the port from the risk of the Thai stock market still increasing Plus technically there is no sign of a rebound. after no new factors came to support

As for the trend tomorrow, we still have to keep an eye on whether the SET index will be able to rebound or not. If unable to rebound There is a chance to continue to decline. Recommend to keep an eye on the SET if it falls to a new low. Looks like a bad sign.

“Look at the support level at 1,518-1,507 points, which is the original low point (Low). The next support level is at 1,485-1,456 points. If it doesn’t break the first support level, it is expected that there will be a follow-up buy and resistance level at 1,533 points. Mr. Thanomsak say goodbye

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