Thai stocks closed up 2.38 points, following buying power from the banking sector, which received good dividends, but the trade war still pressured the overall picture.

Thai stocks closed today, April 17, at 1,141.28 points, up 2.38 points, with a trading value of 29,646 million baht, receiving buying power from the bank group, good dividends, and not expensive valuations. While it is believed that even though the Thai economy is slowing down, affecting loans somewhat, banks have already set aside a lot of provisions, so they are not affected as much compared to other groups, such as tourism and petrochemicals, which still have downsides. At the same time, the image of the China-US trade war is still pressuring.

indexStock Exchange of Thailand (SET) On April 17, it closed at 1,141.28 points, an increase of 2.38 points (+0.21%), trading value 29,646.08 million baht.
Foreigners sold net 223.34 million baht, funds bought net 737.80 million baht.

Today, there were 10 securities traded on the big board (BIG LOT), 10 items, E1VFVN3001 was found to have the highest value of 38.01 million baht, with an average price of 29.24 baht per share.

Mr. Watan Jitsomnuk, Director of Strategic Analysis, Phai Securities He said that the Thai stock market today rebounded slightly, but the trading volume was very low, reflecting that investors were still not confident. There was buying power in the banking group that paid good dividends and had inexpensive valuations, such as BBL, which bought to receive dividends. SCB and KTB had buying power even after the XD.

At this point, the banking group looks the most interesting compared to other groups such as petrochemicals and tourism that still have downside. From the perspective that the banking group has already set aside a lot of provisions, it is believed that it will not be affected much by the economic forecast this year slowing down to 1-2% growth, which may cause low loan growth. In addition, banks have started to pay more dividends, so it looks like a safe stock group.

While the overall market has no new positive factors and is still under pressure from the tariff policy of US President Donald Trump, even though China previously showed readiness to negotiate with the US, it still seemed quiet, causing the trade war between China and the US to continue to pressure the overall market.

Tomorrow's trend has not seen any new factors or surprises. The market should be sluggish, with support at 1,130 points and resistance at 1,155 points.

5 securities with the highest trading value

• KBank Trading value 2,826.02 million baht, closed at 151.00 baht, decreased 3.50 baht.
• BBL Trading value 1,394.38 million baht, closed at 146.50 baht, an increase of 5.00 baht.
• SCB Trading value 1,339.34 million baht, closed at 116.00 baht, an increase of 2.50 baht.
• KTB Trading value 1,292.26 million baht, closed at 21.80 baht, an increase of 0.40 baht.
• AUGUST Trading value 1,219.74 million baht, closed at 37.75 baht, decreased 0.50 baht.

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