Strong dollar pushes weak baht, dragging down investment capital causing Thai stocks to close down -6.58 points

2024-03-22 10:50:00

Thai stocks closed the market and fell -6.58 points, analysts revealed. Pressure from the strengthening dollar has resulted in currency exchange rates throughout Asia, including the Thai baht, depreciating, affecting foreign capital outflows. Looking at next week’s investment framework, the support level is at 1,370 points and the resistance level is at 1,400-1,410 points, especially the issue of the 2024 Annual Budget Act, if it can pass the Senate. It will have a positive impact on the capital market picture.

The Thai stock market closed for trading on March 22, 2024, dropping -6.58 points or -0.47%, closing at 1,381.04 points, trading value 39,300.70 million baht, while overall stock trading today Sideways Swing Index During the day it rose to a maximum of 1,389.79 points, in the opposite direction it dropped to a minimum of 1,379.43 points.

Meanwhile, the number of securities that changed today increased by 175 securities, remained unchanged for 176 securities, and decreased by 302 securities.

In terms of trading volume classified by investor group, it was found that Foreign investors sold a net of more than -627.25 million baht. On the other hand, it was found that Domestic investors made net purchases of more than +80.13 million baht, securities company accounts made net purchases of more than +84.87 million baht, and institutional investors made net purchases of more than +462.25 million baht.

As for the securities with the highest trading value, 5 securities
1.KTB trading value 3,696.83 million baht, closed at 16.80 baht, an increase of 0.70 baht.
2.CPALL trading value 2,242.49 million baht, closed at 54.25 baht, decreased 0.50 baht.
3.BKGI trading value 1,500.07 million baht, closed at 4.16 baht, decreased 1.29 baht.
4.DELTA trading value 1,077.50 million baht, closed at 72.75 baht, an increase of 0.50 baht.
5.AOT trading value 980.12 million baht, closed at 65.25 baht, decreased 0.50 baht.

As for the SET100 Index, the five rankings with the most positive price increases are:
1.CENTEL closed at 44.75 baht, an increase of 1.00 baht or 2.29%.
2.BBL closed at 140.50 baht, an increase of 1.00 baht or 0.72%.
3.FORTH closed at 16.60 baht, an increase of 0.70 baht or 4.40%.
4.KTB closed at 16.80 baht, an increase of 0.70 baht or 4.35%.
5.SNNP closed at 16.80 baht, an increase of 0.50 baht or 3.07%.

As for the SET100 Index, the five rankings with the biggest price declines are:
1.SCC closed at 252.00 baht, a decrease of 6.00 baht or 2.33%.
2.BH closed at 227.00 baht, a decrease of 3.00 baht or 1.30%.
3.PTTEP closed at 152.00 baht, a decrease of 2.50 baht or 1.62%.
4.ADVANC closed at 209.00 baht, a decrease of 2.00 baht or 0.95%.
5.BCP closed at 45.00 baht, a decrease of 1.75 baht or 3.74%.

While the SET100 index closed at 1,877.37 points, down -7.55 points or -0.40%, the SET50 index closed at 847.80 points, down -3.02 points or -0.35%, and the mai market index closed at 415.28 points, down -1.71 points or -0.41%.

Mr. Kornpat Worachet, Director of Research and Investment Services at Krungsri Patanasin Securities, said that the Thai stock market today is swinging sideways in line with the Asian stock market. Under pressure from the strengthening dollar As a result, the value of currencies throughout Asia depreciated. including baht It returned to the level of 36.5 baht/dollar, the weakest in 5 months, affecting foreign capital outflows. After the Bank of Switzerland (SNB) surprised to reduce interest rates for the first time in 9 years and the Bank of England (BoE) also sent a signal to reduce interest rates.

Next week’s trend Follow the Senate’s consideration of the draft 2024 Budget Expenditure Act. If it passes, it will be a driving force for the Thai economy in the 2nd quarter of 2024. Meanwhile, keep an eye on Thailand’s February export figures on March 26. 2024, which the market expects to expand by 3.9%, including the Personal Consumption Expenditures Price Index (PCE) and the Basic PCE Index (Core PCE) of the United States on Friday, March 29, looking at the support level. at 1,370 points and resistance 1,400-1,410 points

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