Thai stocks today closed down 4.33 points at 1,359.94 points. Foreign investors sold a net of 822.78 million baht, expecting next week to swing sideways in the range of 1,350-1,380 points.
Reporters reported that Thai stock index today (26 Apr.) Closed trading at 1,359.94 points, down 4.33 points or -0.32%, trading value 40,149.83 million baht, reaching the highest level of 1,366.24 points and the lowest level of 1,358.26 points.
Foreign investors net sell
Foreign investors net sold 822.78 million baht and domestic investors net sold 160.86 million baht. Institutional investors net bought 650.44 million baht and securities accounts bought net 333.20 million baht.
InfoQuest reports that Mr. Nattaphon Khamthakruea, Director of Securities Analysis at Yuanta Securities (Thailand), said that the Thai stock market contracted today. Investors are waiting to follow the situation in the Middle East, so they have slowed down their buying pressure and have some selling pressure to reduce risk. After the situation previously became more serious during the holidays. Meanwhile, most Asian stock markets rose. Following the US stock market that decreased in the negative period. and was supported by weakening US government bond yields (bond yields) as well as the announcement of better-than-expected earnings of the US technology sector.
In addition, the Thai stock market has been pressured by retail groups, especially Berli Jucker Public Company Limited (BJC), due to concerns that 1Q24 results may not be as expected. As a result, the retail sector has decreased accordingly.
Next week’s outlook for the Thai stock market is expected to swing sideways. Entering the period of speculating on individual stocks This is because listed companies are gradually announcing their operating results for the first quarter of 2024, including following up on reporting Thai export figures. Meanwhile, next week the US Federal Reserve (Fed) holds a monetary policy meeting and announces its decision on interest rates. And follow the release of US labor sector figures on Friday.
The support level is 1,350-1,355 and the resistance level is 1,370. The next resistance level is 1,380 points.
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Tags: Thai stocks today closed points Foreigners sold million baht expected swing sideways week
