SET index in the afternoon fell 10 points, supported by selling pressure from power plants and banks.

The Thai stock market fell more than 10 points in the afternoon, affected by a large sell-off in stocks from the MSCI Rebalance and Sell on fact power plant stocks.

At 3:04 p.m., the SET index was at 1,377.35 points, down 10.34 points (-0.75%).

Mr. Natthaphon Khamthakruea, director of securities analysis at Yuanta Securities (Thailand), said that the Thai stock market dropped more than 10 points in the afternoon, expected to come from the selling pressure of large stocks. Because today there is an MSCI rebalance combined with selling pressure in power plant stocks from Sell on fact after yesterday’s upbeat news. The Energy Regulatory Commission increases the electricity price by 4.68 baht/unit for the period January-April 2024. But there is still uncertainty about whether or not this issue will actually happen or not. Because we have to wait for the Cabinet (Cabinet) to consider and shares in 3 large power plants. RATCH-EGCO-BGRIM It is expected to be moved from the Standard Index to Small Cap as well, causing today’s powerhouse groups to face pressure.

Support is set at 1,373 points and resistance at 1,385 points.