Bangkok: Thai stocks closed down 16.66 points. SET closed today at 1,245.61 points, down 16.66 points (-1.32%), with a trading value of 56,186.43 million baht.
According to Thai News Agency, analysts revealed that the Thai stock market today fell due to negative sentiment from abroad. Concerns have resurfaced regarding the Federal Reserve's decision not to cut interest rates this year, coupled with fears of the Russia-Ukraine conflict escalating again. These global factors contributed to the decline in the Thai market.
Domestically, pressure from the GULF group of stocks, which went up XD, along with selling pressure from the LTF fund, further impacted the market. Looking forward to tomorrow, the trend is expected to be flat, with the market possibly falling again. However, there is a chance for a technical rebound, with support at 1,238 points and resistance at 1,240 points.