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Thai equities respond to lower-than-expected CPI, pushing SET INDEX to close +7.45pts

Thai shares closed up 7.45 points, brokers pointed out that the SET index moved in positive territory. parallel in the same direction of regional stock markets After realizing that the US consumer price index or CPI in November was 7.1%, lower than analysts’ estimate of 7.3%, suggesting to keep an eye the US Federal Reserve (Fed) meeting, including the meeting of the European Central Bank (ECB) and the Bank of England (BoE) is ready to assess the index frame tomorrow, support at 1,625 points and resistance at 1,640 points.

The Thai stock market ended trading on December 14, 2022, rising +7.45 points or +0.46%, closing at 1,633.36 points, trading value of 57,299.43 million baht. The index moved in positive territory throughout the day. It rose to its highest point of the day at 1,638.88 points, while its lowest was at 1,628.17 points.

While the stocks that changed today were up 794 stocks, 590 stocks were unchanged, and 644 stocks were down.

With regard to the trading volume classified by investor groups, it emerged that foreign investors net purchase over +2,177.01 million baht and net purchase by institutional investors over +1,964.90 million baht. Domestic investors sold over -4,109.43 million baht and securities brokerage accounts sold over -32.48 million baht.

Stocks with the highest trading value of the 5 stocks
1.DELTA, trade value 3,241.75 million baht, closed at 722.00 baht, an increase of 22.00 baht
2.PTTEP, trading value 3,241.49 million baht, closed at 174.00 baht, down 1.00 baht
3.SGC, trade value 2,622.61 million baht, closed at 5.40 baht, an increase of 0.40 baht
4.BDMS, trade value 2,337.60 million baht, closed at 28.25 baht, an increase of 0.25 baht
5. Trade value PTT 1,609.11 million baht, closed at 31.75 baht, down 0.25 baht

The SET100 index with the biggest gains in 5 rankings are:
1.SCC closed at 336.00 baht, up 5.00 baht or 1.51%
2.BH closed at 211.00 baht, up 5.00 baht or +2.43%
3.AEONTS closed at 177.00 baht, up 3.50 baht or 2.02%
4.CBG closed at 97.00 baht, up 1.50 baht or 1.57%
5.EGCO closed at 170.50 baht, up 1.50 baht or 0.89%

As for the SET100 index, the top 5 declining prices are:
1.KBANK closed at 142.00 baht, down 1.50 baht or 1.05%.
2.BBL closed at 143.50 baht, down 1.00 baht or 0.69%
3. PTTEP closed at 174.00 baht, down 1.00 baht or -0.57%.
4.ONEE closed at 8.70 baht, down 0.60 baht or 6.45%
5.FORTH closed at 33.50 baht, down 0.50 baht or 1.47%

While the SET100 index closed at 2,218.53 points, an increase of 7.83 points or 0.35%, the SET50 index closed at 984.70 points, an increase of 3.53 points or 0.35%. 0.36%. 0.25%.

Natthaphon Khamthakrua, head of securities analysis department at Yuanta Securities (Thailand), said the Thai stock market today rallied well in the same direction as other stock markets in the region which moved mostly in positive territory. After the US consumer price index (CPI) rose 7.1% in November, lower than analysts’ expectations of 7.3%, causing the dollar to weaken and the baht to strengthen.

In addition, the electronics group and petrochemical group Still leading the market on expectations, China prepares to increase stimulus policies at the Central Economic Work Conference tomorrow.

However Today the rally of the index is still rather limited. Because investors are still waiting to follow the US Federal Reserve (Fed) meeting, including the meeting of the European Central Bank (ECB) and the Bank of England (BoE). The market should continue to go higher after today’s recovery is not much. Support is estimated at 1,625 points and resistance at 1,640 points.

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