Thai stocks closed down -4.33 points. Investors sold to reduce risk, fearing the tense situation in the Middle East.

Thai stocks closed at -4.33 points, analysts revealed. Investors gradually sold stocks to reduce risk due to concerns over the Middle East situation over the weekend. After the situation previously became more serious during the holidays. It is recommended to keep an eye on listed companies that will gradually announce their 1Q24 operating results next week, along with evaluating the investment framework at the support level of 1,350-1,355 points and the resistance level at 1,370 points. If the said resistance level is passed, it will move next to 1,380 points.

The Thai stock market closed for trading on April 26, 2024, dropping -4.33 points or -0.32%, closing at 1,359.94 points, trading value 40,183.94 million baht, while overall trading
Today’s stock index decreased. During the day the index rose to a maximum of 1,366.24 points. In the opposite direction, it dropped to a low of 1,358.26 points.

Meanwhile, the number of securities that changed today increased by 209 securities, remained unchanged by 192 securities, and decreased by 253 securities.

In terms of trading volume classified by investor group, it was found that Foreign investors net sold over -822.78 million baht and domestic investors net sold over -160.86 million baht. On the other hand, it was found that Institutional investors made net purchases of more than +650.44 million baht and securities company accounts made net purchases of more than +333.20 million baht.

As for the securities with the highest trading value, 5 securities
1.KBANK trading value 4,222.32 million baht, closed at 129.00 baht, an increase of 2.50 baht.
2.BBL trading value 1,972.55 million baht, closed at 136.00 baht, decreased 0.50 baht.
3.CPALL trading value 1,549.51 million baht, closed at 56.75 baht, decreased 1.00 baht.
4.BDMS trading value 1,339.66 million baht, closed at 29.00 baht, an increase of 0.25 baht.
5.SCB trading value 1,159.26 million baht, closed at 106.50 baht, an increase of 1.50 baht.

As for the SET100 index, the 5 rankings with the most positive price increases are:
1.KBANK closed at 129 baht, an increase of 2.50 baht or 1.98%.
2. SAPPE closed at 98.50 baht, an increase of 1.75% or 1.81%.
3.SCB closed at 106.50 baht, an increase of 1.50 baht or 1.43%.
4.EGCO closed at 111 baht, an increase of 1 baht or 0.91%.
5.DELTA closed at 73.75 baht, an increase of 0.75 baht or 1.03%.

As for the SET100 Index, the five rankings with the biggest price declines are:
1.BH closed at 248 baht, down 5 baht or 1.98%.
2.ADVANC closed at 195 baht, down 2.50 or 1.27%.
3.BCP closed at 42.50 baht, down 1.75 baht or 3.95%.
4.KKP (XD) closed at 51.75, down 1.50 baht or 2.82%.
5.GULF closed at 40 baht, down 1.25 baht or 3.03%.

While the SET100 index closed at 1,845.87 points, down -6.48 points or -0.35%, the SET50 index closed at 833.69 points, down -2.86 points or -0.34%, and the mai market index closed at 391.21 points, down -2.06 points or -0.52%.

Mr. Nattapon 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. Looking at next week’s investment framework, the support level is 1,350-1,355 points and the resistance level is 1,370 points and the next resistance level is 1,380 points,” Mr. Nattaphon concluded.