Thai stocks closed down 5.22 points, selling off power plants. The trend at the beginning of next week is still weak, at risk of dropping 1,300 points.
Thai stocks closed today, June 14, at 1,306.56 points, down 5.22 points, trading value 38,624 million baht, continuing to decline amid pressure on the investment atmosphere. Both political factors pressure Overall, the Thai economy is growing slowly. Accelerating budget disbursement is still unclear. There is pressure to sell shares in the power plant group, weighing down the market. The trend for the beginning of next week is still uncertain, waiting for the results of three important political cases, which may cause the market to fluctuate.
The Stock Exchange of Thailand (SET) index on June 14 closed at 1,306.56 points, down 5.22 points (-0.40%). Trading value was approximately 38,624.00 million baht. Foreigners net sold 714.12 million baht, funds bought net 211.03 million baht.
Today there was trading on the big board (BIG LOT) of 16 securities, 21 items. CPN was found to have the highest value of 61.38 million baht, with an average price of 55.80 baht per share.
Mr. Narongdet Chanthapaisarn, Director of Securities Analysis, AIRA Securities said The Thai stock market continues to decline today. No new factors supporting There was selling pressure from power plant stocks weighing on the market after the release of the new PDP 2024 plan, which specifies less electricity capacity than expected. Meanwhile, the overall economy grew rather slowly. And the details of accelerating budget disbursement for 67 are still unclear, putting further pressure on the investment atmosphere. Including foreign investors continuing to sell.
Outlook for the Thai stock market at the beginning of next week It is expected that the downturn will continue due to pressure from the domestic economic situation and unclear domestic political issues. As a result, the market may choose to sell to reduce risk. On June 18, there will be a political trial regarding the dissolution of the Kao Ka Klai Party. and the qualifications of Prime Minister Settha Thavisin, including filing a lawsuit against Mr. Thaksin Chinat for violating Section 112, causing the index to fluctuate.
For the case of the dissolution of the Kaewklai Party It is an issue with high uncertainty. If the decision does not dissolve the party, the index may rebound. But if the decision is made to dissolve the party Concerns may arise from uncertainty outside the House. It is expected that this will cause additional sales pressure to weigh on the market.
As well as giving the first support level 1,300 points. If not, the next support level is 1,290 points and the resistance level is 1,315 points.
5 securities with the highest trading value
- GULF trading value 1,345.95 million baht, closed at 39.00 baht, decreased 1.25 baht.
- SCB trading value 1,257.04 million baht, closed at 106.00 baht, an increase of 1.50 baht.
- DELTA trading value 1,217.13 million baht, closed at 79.75 baht, an increase of 1.25 baht
- AOT trading value 1,185.79 million baht, closed at 60.00 baht, price unchanged.
- MINT trading value 1,043.76 million baht, closed at 29.75 baht, decreased 0.50 baht.
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