Thai stocks close up 3.38 points, volume thins out, MPC holds interest rates as expected, watch out for Fed signals
Thai stocks closed today, December 18, at 1,398.95 points, up 3.38 points, with a trading value of 47,817 million baht. Volume was light as the year drew to a close. The MPC maintained interest rates as expected, so the market did not respond much to the news. Follow the signs indicating the direction of the Fed's interest rate cut in the next phase.
Stock Exchange of Thailand (SET) Index December 18, closed at 1,398.95 points, up 3.38 points (+0.24%), trading value 47,817.65 million baht, foreign net sales 387.66 million baht, mutual funds net sales 301.66 million baht.
Today there was trading on the big board (BIG LOT) of 23 securities, 40 items. BDMS was found to have the highest value of 641.97 million baht, with an average price of 23.99 baht per share.
Mr. Therdsak Thaweethiratham, Deputy Managing Director, Research Division, Asia Plus Securities He said that the Thai stock market today fluctuated as the Monetary Policy Committee (MPC) voted to maintain the interest rate at 2.25% as expected, resulting in the market not responding to the news much.
While the buying value is thin as the year ends, while the stocks with issues such as CPAXT-CPALL have dropped significantly, today there is a chance to rebound.
Tomorrow's trend (19 Dec 67) The market is expected to move in a narrow range, following the results of the US Federal Reserve's (Fed) monetary policy meeting, which the market expects to reduce interest rates by 0.25%, and the direction of interest rates in 68 must be monitored.
The support level is 1,380 points and the resistance level is 1,410 points.
5 securities with the highest trading value
- CPALL trading value 4,495.05 million baht, closed at 56.50 baht, an increase of 0.25 baht.
- TRUE trading value 2,355.68 million baht, closed at 11.00 baht, decreased 0.50 baht.
- DELTA trading value 2,136.52 million baht, closed at 151.50 baht, an increase of 0.50 baht
- BDMS trading value 2,114.53 million baht, closed at 23.90 baht, an increase of 0.30 baht.
- ADVANC trading value 1,476.26 million baht, closed at 282.00 baht, an increase of 3.00 baht
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