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Thai stock market conditions: Closes down 9.98 points, oil falls, sells risky assets, worries about rising Fed interest

stock market Closed today at 1,536.82 points, down 9.98 points (-0.65%), trading value around 61,695.41 million baht.

stock trading today The index declined according to foreign countries. The index rose to a high of 1,550.33 points and a low of 1,532.08 points.

Securities changed today, up 385 securities, down 1,285 securities and unchanged 456 digits.

Mr. Soraphol Veerametheekul, senior director of securities analysis at KASIKORNBANK, said that the SET index fell sharper today than other markets in Asia. By being pressured by oil prices that fell off US$100/barrel. to move in the level of 97-98 USD/barrel The stock market in our country weighs quite a lot of energy stocks.

At the same time, investors have moved their investments from risky assets to safer assets. This can be seen from the Dollar Index rising to new highs. On concerns about an interest rate hike by the Federal Reserve (Fed) at its next meeting, there is a chance of a hike of up to 1% after the latest inflation rate accelerated to 9.1%, higher than expected.

In addition, the next meeting of the Monetary Policy Committee (MPC) in early August must be monitored to see if there is a chance to raise the policy rate up to 0.50% if the US interest rate rises. up again This will make the difference between Thai and US interest rates wider.

Tomorrow’s trend is expected to see the market continue to seep down. by giving support at 1,525 points and resistance at 1,535 points

As for the securities with the highest trading value, the 5 securities

SCB trading value 4,605.25 million baht, closed at 95.00 baht, decreased by 5.00 baht.

PTTEP trading value 2,707.22 million baht, closing at 156.50 baht, a decrease of 3.50 baht.

BBL, trading value 2,495.99 million baht, closed at 127.00 baht, decreased by 4.00 baht.

PTT trading value 2,298.38 million baht, closed at 33.75 baht, unchanged.

KBANK trading value 2,287.37 million baht, closing at 144.50 baht, down 2.00 baht.