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Thai Stock Market Drops Following Foreign Markets Due to US Credit Downgrade – Securities Report

Reporters reported that The market index closed today at 1,529.01 points, down 21.27 points (-1.37%), trading value 51,342.55 million baht.

Mr. Chaiyaporn Nompitakcharoen managing director Securities Trading Division Bualuang Securities Said that the Thai stock market today dropped. following the direction of foreign stock markets as investment sentiment was pressured by Fitch Ratings downgrading the US credit rating. It is a factor that puts pressure on the overall picture causing a correction after quite a large rebound.

while domestic factors Even though the market has already received the news of the change of poles and the formation of the government But so far there is no uncertainty. The move to form a new government has been extended for at least another two weeks when the prime minister’s vote has to be postponed from tomorrow. Since the Constitutional Court has postponed the hearing of the Ombudsman’s petition to August 16, causing unclear politics. and affect investor confidence

As for tomorrow’s trend, it is expected that the sideways swing market is still without supporting factors. At the Bank of England (BOE) meeting today, the market is expected to continue raising interest rates. which may be a factor to put pressure on the overall stock market, with a resistance of 1,540 points and a support of 1,520 points

The securities with the highest trading value 5 securities

KBANK Trading value 5,052.70 million baht, closed at 123.00 baht, down 2.50 baht

CPALL Trading value 1,645.87 million baht, closed at 61.25 baht, down 1.75 baht

PTT Trading value 1,637.00 million baht, closed at 34.75 baht, down 0.50 baht

PTTEP Trading value 1,478.19 million baht, closed at 159.50 baht, down 3.00 baht

KCG Trading value 1,476.36 million baht, closed at 8.30 baht, down 0.20 baht

2023-08-03 10:55:43
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