Thai stocks closed up 12.09 points in response to bond yields falling and a weak dollar. Overall market is beginning to see a recovery: InfoQuest

2023-12-15 10:28:12

Stock news 17:14 hrs. 2023-12-15

SET closed today at 1,391.03 points, an increase of 12.09 points (+0.88%), trading value 61,137.63 million baht.
Stock trading today The index continued to increase from yesterday. The highest point was 1,398.65 points and the lowest point was 1,382.13 points.
As for securities changes today, there were 328 securities increased, 146 securities decreased, and 173 securities unchanged.

Mr. Kornphat Worachet, Director of Research and Investment Services, Krungsri Patanasin Securities, said that the Thai stock market continued to rise today. From the US government bond yield (Bond Yield) continuing to decrease. This corresponds to the weakening of the dollar. After the US Federal Reserve (Fed) sent a clear signal to cut interest rates in 2024, it is entering a downward trend.

It was also supported by the release of Chinese economic data. There are signs of recovery, including China’s central bank injecting 800 billion yuan in liquidity, which is the highest monthly liquidity injection on record.

Meanwhile, the Thai stock market is starting to show a picture of recovery after falling quite a lot. Groups with strong buying power such as AOT, as well as energy, power plants, and petrochemical groups benefited from lower bond yields and a weaker dollar. Resulting in the appreciation of the baht.

Next week’s trend is expected that the stock market is still in the recovery phase. By following the announcement of the names of stocks entering and leaving the SET50 and SET100 indexes, but entering the period close to the Christmas holiday. This makes the overall picture of trading likely to be lighter.

Ready to provide a resistance level of 1,420-1,430 points and a support level of 1,360 points.

As for the securities with the highest trading value, 5 securities

CPALL Trading value 3,327.45 million baht, closed at 54.00 baht, an increase of 1.00 baht.
BDMS Trading value 3,301.30 million baht, closed at 25.75 baht, price unchanged.
AOT Trading value 2,854.28 million baht, closed at 61.00 baht, an increase of 1.25 baht.
PTT Trading value 2,267.74 million baht, closed at 35.75 baht, price unchanged.
PTTEP Trading value 2,214.01 million baht, closed at 147.00 baht, an increase of 3.50 baht.