Thai stocks closed up 1.67 points. Foreigners sold 539 million baht.

The Stock Exchange of Thailand (SET) index on May 24 closed at 1,536.51 points, an increase of 1.67 points (+0.11%), with the highest movement during the day being 1,542.91 points, the lowest being 1,529.45 points. Trading value was 44,657.53 million baht. Foreigners sold net 539.77 million. baht, while the fund bought a net amount of 1,146.32 million baht

Mr. Thanomsak Saharatachai, Senior Assistant Managing Director of Research at Krung Thai Xspring Securities, said that the Thai stock market rose today, contrary to other Asian stock markets which mostly moved in negative territory. This was due to a technical rebound after falling below 1,500 points in the past period, resulting in buying pressure on stocks that had fallen significantly in price. There was also speculation on stocks that would benefit from the prospect of rising interest rates ahead of the Monetary Policy Committee (MPC) meeting on May 31st.

As for tomorrow's trend (25 May), it is expected that the market will have a chance to rise to test the resistance at 1,550 points due to speculation in individual stocks. If it stands, there is a chance to bounce back to 1,570 points, but if it doesn't pass, there is a chance to shrink down to the support level of 1,530 points. If it cannot be supported, it is expected to go deeper to 1,500 points.

5 securities with the highest trading value

– CPALL trading value 2,771.92 million baht, closed at 63.25 baht, an increase of 1.00 baht.
– BDMS trading value 1,795.27 million baht, closed at 28.25 baht, price unchanged.
– KBANK trading value 1,540.51 million baht, closed at 136.00 baht, an increase of 1.50 baht.
– DELTA trading value 1,415.12 million baht, closed at 88.00 baht, an increase of 1.00 baht.
– PTTEP trading value 1,223.50 million baht, closed at 150.00 baht, an increase of 1.50 baht.