Market index movements “Thai stocks today” Today (24 April 2024) the market closed at 1,361.10 points, plus 3.64 points or 0.27%, with the Thai stock market index fluctuating in an upward direction for most of the day, making today’s lowest point at 1,355.44 points and the highest at 1,355.44 points. 1,364.91 points, trading value 38,497.15 million baht
Thai stock situation today (24 April 2024)
Mr. Prakit Siriwathanaket, Managing Director Merchant Partners Asset Management Company told Krungthep Turakij that today “Thai stock market index” It increased along with the Asian region, although the increase was small.
By the reason that “Asian stocks” It rose because last week it went down to 4%, so this week it is recovering. Including investors in the United States speculating on big stocks that are about to announce their budgets. In addition, war tensions and interest issues And inflation in the United States has begun to subside.
However, the Thai stock market rose less compared to the region because of Thai stocks. “Lost independence” Gone
“Thai stocks are in a state of losing their independence. There are no more people playing Thai stocks. Investors are exhausted these days and can only be driven by foreign shorts and cover shorts.”
The factors that make Thai stocks still move at present are: Foreign investors who come to sell short and cover short (Buying stocks is the broker.) Therefore, besides regional issues, Thai stocks are able to rise because foreigners are still covering shorts. Which whenever he comes back to short the market, he can go down again.
Tomorrow (24 April 2024), Mr. Prakit estimates that the index is likely to fluctuate in the range of 1,350 – 1,380 points, with foreign markets likely to remain stable but must be kept an eye on.Thai stock marketBecause it has been adjusted for several days. Therefore, if foreigners come back to sell short, it may cause the index. Able to decrease
Mr. Prakit recommends keeping stocks. Defensive Stocks and Alpha Pay That is, the return is much in proportion to the price, namely food groups such as CPF and BEM.
Proofreading….Suree Silawong
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