Thai stocks closed down 24.15 points, below 1,400 points, with continued selling pressure on CPALL-CPAXT – the baht weakened.

Thai stocks closed today, December 17, at 1,395.57 points, down 24.15 points, with a trading value of 55,294 million baht, falling below the important support level of 1,400 points, pressured by selling pressure on big-cap stocks, especially CPALL-CPAXT, due to specific factors, and the weakening of the baht, causing foreigners to continue selling. Tomorrow, it is expected to move sideways, waiting to follow the MPC meeting.

Stock Exchange of Thailand (SET) Index December 17, closed at 1,395.57 points, down 24.15 points (-1.70%), trading value 55,294.45 million baht, foreign net sales 557.88 million baht, mutual funds net sales 3,732.01 million baht.

Today, there were 22 securities traded on the big board (BIG LOT) with 29 items. COM7 was found to have the highest value at 265 million baht with an average price of 26.50 baht per share.

Mr. Chaiphon Nomphitakcharoen Managing Director Securities Trading Division, Bualuang Securities He said that the Thai stock market today adjusted down and fell below the important support level at 1,400 points, with the main pressure coming from selling pressure on large stocks, especially CPALL and CPAXT, which had high volumes, which greatly pressured the index, which came from specific factors.

Meanwhile, the baht's depreciation in line with regional currencies is a factor that has caused foreign investors to continue selling, and some investors have chosen to sell to reduce risk before the upcoming US Federal Reserve (Fed) meeting, which still leaves uncertainty about the possibility of a US interest rate cut next year. Most other stock markets in Asia today have also adjusted downward.

Tomorrow's trend (18 Dec 67) It is expected to move sideways, waiting for new factors to support it. However, after the index dropped below 1,400 points, the market picture did not look good. Tomorrow, we will have to wait and see the Monetary Policy Committee (MPC) meeting to see if it will reduce or maintain the policy interest rate. With the next support level at 1,390 points and the resistance level at 1,410 points.

5 securities with the highest trading value

• CPALL trading value 6,981.21 million baht, closed at 56.25 baht, decreased 2.75 baht.
• DELTA, trading value 2,615.76 million baht, closed at 151.00 baht, unchanged price
• CCET trading value 2,579.42 million baht, closed at 10.70 baht, increased 1.05 baht.
• BDMS trading value 2,387.46 million baht, closed at 23.60 baht, decreased 0.50 baht.
• ADVANC trading value 2,211.36 million baht, closed at 279.00 baht, decreased 7.00 baht.

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