Closed positive 3.17 points. Hospital group supports the market, following PCE. US points to inflation direction tomorrow.

InfoQuest News Agency (25 Apr. ’24)

SET closed today at 1,364.27 points, an increase of 3.17 points (+0.23%), trading value 41,468.00 million baht. Analysts Indicates that the Thai stock market today fluctuates sideways within a limited range. Strong buying of shares in hospital groups supports the market. While investors wait to follow the PCE report, the US assesses inflation and the direction of Fed interest rates. Tomorrow’s trend is expected that the market will still fluctuate similar to today. Follow the overall sentiment from the US market. Ready to provide a support frame of 1,355 points and a resistance level of 1,365 points.

SET closed today at 1,364.27 points, an increase of 3.17 points (+0.23%), trading value 41,468.00 million baht.

Stock trading today The index moved mostly in positive territory. The highest point was 1,365.78 points and the lowest point was 1,356.96 points.

As for securities changes today, there was an increase of 272 securities, a decrease of 158 securities, and no change for 219 securities.

Mr. Narongdet Chanthapaisarn, Director of Securities Analysis at AIRA Securities, said that the Thai stock market today fluctuated sideways within the limited range. With buying power from hospital stocks supporting the market to remain in positive territory. While investors wait to follow the March Personal Consumption Expenditures (PCE) price index report of the United States tomorrow night. To assess the direction of inflation and interest rate cuts by the US Federal Reserve (Fed) during the 3rd-4th quarter of 2024.

Tomorrow’s trend expects the index to continue to fluctuate sideways within the limited range, similar to today. Follow the US side after the META stock price falls, which may push the US stock market down to a negative sentiment with the Thai stock market. Meanwhile, this afternoon the Stock Exchange of Thailand (SET) raised the level of control over securities trading for both Short Sell and HFT, seeing that the advantage of investors selling short is less. It reduces the downside but probably doesn’t increase the upside much.

The support level is 1,355 points and the resistance level is 1,365 points.

As for the securities with the highest trading value, 5 securities

BH trading value 5,089.00 million baht, closed at 253.00 baht, an increase of 22.00 baht.

BDMS trading value 2,468.75 million baht, closed at 28.75 baht, an increase of 0.50 baht.

CPALL trading value 1,834.60 million baht, closed at 57.75 baht, an increase of 0.75 baht.

KBANK trading value 1,806.35 million baht, closed at 126.50 baht, decreased 0.50 baht.

KTB trading value 1,628.12 million baht, closed at 16.40 baht, an increase of 0.20 baht.

By Warinthon Sirinok/Ratchada Kongkhunthian