Stock trading atmosphere on Thursday, July 13th. The quietest in years. Trading value shrunk to only 29 billion baht as investors of all groups postponed trading. and watched the vote for the 30th prime minister with excitement
Concerns about the political situation engulfed the stock market. Investors are afraid that if Mr. Pita Limcharoenrat fails the exam, loses the vote in the parliamentary meeting. The masses of the far-reaching party will rise up and take to the streets. and chaos ensued
Stocks are likely to retreat. If the next prime minister doesn’t have Mr. Phitha’s name
After first vote Mr. Phitha received less than 376 votes in support, or no more than half of the MPs and senator Securities analysts estimate that will directly affect the stock market. The trading atmosphere continued to stagnate.
Stock indices may head down. Until the 2nd or 3rd vote for Mr. Phitha ends at the end of this week.
Friday 14 July, last week’s day The stock market is expected to be dormant, stock indices swing lower.
But the bad news, Mr. Phitha is not prime minister. Turned out to be a big piece of good news. Encourage 3 main groups of investors, consisting of domestic institutional investors or round-end funds. Port Broker and foreign investors who previously continued to sell their stocks Came in to buy stocks vigorously
The stock index soared through key resistance and closed at 1517.92, up 23.90 points, a rare rebound. while the share price moved up to 43,645 million baht
Friday should be a sad Friday. But it turned out to be a fun Friday for the stock market. Especially small investors who sold their shares for nearly 3 billion baht.
The stock market is not waiting for Mr. Phitha’s vote in the 2nd or 3rd round. Mr. Phitha can’t get more than 376 parliamentary support.
But why didn’t the stock fall? Why are stocks soaring? Aren’t you afraid of the orange shirt mob that will come out and move?
The stock market does not take a political side. Do most investors support or oppose Phitha’s ascension to prime minister? no data survey But the stock index rose sharply on Friday. is a reflection that The stock market is interpreted positively. When Mr. Phitha is not Prime Minister and the Progressive Party is not a government
Therefore, the party’s policy moves far in part to create an impact on the stock market. therefore decomposed Regardless of the policy on capital gains tax or CAPITAL GAIN TAX, the policy on raising capital corporate tax from 20% of profits to 23%
and energy reform policy Reduce electricity bills immediately open to the public to install solar panels on the roofs of houses and can choose to buy electricity by themselves Change the policy to support the capital group. and not adding fossil power plants
energy stocks power plant stocks which is the largest group of stocks in the stock market and is in the reform target of the Progressive Party before adjusting down to lift the panel But after the opportunity that the party has advanced to become a government, it is closed.
Power plant stocks led by PTT Public Company Limited or PTT Energy stocks led by Gulf Energy Development Public Company Limited or GULF by Sarath Ratana Wadi jumped up and up on Friday.
The stock market has decided that the fact that Mr. Phitha deprived of the post of prime minister This is positive for investment, with the index rising 23 points in response. While the trend has changed in the short term, the stock may continue. or this week continued to rise
But stocks may not run very far. because there are still negative factors Especially the impact of the global economic recession. and the Thai economy is collapsing
Therefore, retail investors should not see the world as beautiful. But be careful with the risks. Because the stock may return to the volatility of the stock market. therefore had to sell off shares If the stock price goes up as well as the willingness to sell on last Friday
The stock market is also under pressure from the effects of the recession. and risks from political violence
The full bull run of the stock market has not yet arrived. Small investors need to find a time to sell. And sell during this period or when the stock responds positively from the fact that Mr. Phitha missed the Prime Minister’s seat.
2023-07-17 10:55:00
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