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Thai stocks on May 5 closed at 23.03 points.
Date May 05, 2020 Time 18:17 hrs.
Thai shares move throughout the day, closing at 1,278.63 points, down 23.03 points, with a turnover of 51,384.94 million baht.
On May 5, 63, the Thai stock markets moved into negative territory throughout the day. Before the end of the afternoon at 1,278.63 points, 23.03 points (-1.77%) with a turnover of 51,384.94 million baht, with the index at the highest level of 1,289.09 points and the lowest level of 1,278.50 points.
Mr. Vijit Arayapisit, director of securities research at Maybank Kim Eng Securities (Thailand), said that the Thai stock market fell today versus the international market. Most Asian stock markets are currently averaging 0.8%, as well as the European markets that traded this afternoon increased by 1% after the US market closed last night after the US economic figures improved .
Our current market is considered expensive when we consider the P / E this year, trading at 17.6 times, in addition to receiving other sentiment due to concerns about the trade wars that will return again. After the President of the United States, Donald Trump, threatens to impose new tariffs on Chinese imports. In response to China, the source of the Covid-19 virus outbreak causing the market to contract while other markets have fallen in the period when our market is closed.
However, the market still has shares in the energy group to help support the market. After oil prices have risen in the past 2 days and are ready to monitor the gradual announcement of the results of many publicly listed companies this week. And also keep track of foreign economic numbers too. The Purchasing Managers Index (PMI) for the European service sector will be out tomorrow, May 8, there will be a number of non-US jobs in the United States and on May 7. There will be a BoE meeting to follow.
Tomorrow (May 6), the Thai stock market will close on Visakha Puja day.
Investment trends on May 7, Mr. Vijit said the market is still rocking. That must still be supported by the energy sector With a support of 1,265 points and a resistance of 1,300 points.
As for the values with the highest commercial value, 5 values are
PTT, with a turnover of 3,268.10 million baht, closed at 35.00 baht, down from 0.50 baht.
BAM, turnover of 3.074.01 million baht, closed at 23.30 baht, decreased 0.70 baht
CPALL with a turnover of 2,795.10 million baht, closed at 69.75 baht, decreased by 1.25 baht
PTTEP with a turnover of 2,146.09 million baht closed at 84.00 baht, down from 0.50 baht.
AOT turnover at 1.655.86 million baht, closed at 60.50 baht, 1.75 baht below
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