SET closed at 1,470.10 up by 1.58 points, with a trading volume of 8.67 billion shares

On 11 Oct 2024, the SET index closed at 1,470.10, up by 1.58 points, with a trading volume of 8.67 billion shares worth 60.17 billion Baht. SET50 rose by 1.40, while SET50FF dropped by 0.15. Institutional investors had a net buy of 3.58 billion Baht, while foreign and individual investors had significant net sales. Top performers included PTT and GULF.

Key Points

• Market Overview:
  The market closed with the SET index at 1,470.10, gaining 1.58 points. In high-volume trading, over 8.6 billion shares changed hands, valued at approximately 60,173.24 million Baht. Performance varied across indices, with SET50 and SET100 experiencing gains, while SET50FF, SET100FF, sSET, SETCLMV, SETESG, and SETWB faced declines. Notably, SETHD increased by 11.80 points.
• Trading Summary:
  As of October 10, 2024, the total trading value amounted to 50,401.96 million Baht. Institutions were net buyers, purchasing significantly more than they sold, while proprietary, foreign, and individual investors were net sellers. Foreign trading had the largest net selling figure at -1,603.88 million Baht.
• Top Performers:
  Leading stocks by value were PTT, trading at 34.25 Baht with a 2.24% increase, and GULF at 64.75 Baht, up by 3.19%. KTB and DELTA saw increases of 2.37% and 0.86% respectively, with values of 21.60 Baht and 117.00 Baht. KBANK also gained, trading at 154.00 Baht, up by 0.98%.

As of today, the global market landscape is characterized by a series of dynamic shifts and evolving trends, driven by both macroeconomic factors and geopolitical developments. Investors and market participants are keenly observing these changes as they navigate through a volatile yet potentially rewarding environment.

Equities and Bonds

The equity markets across the globe have experienced a mixed performance. In the United States, major indices such as the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have shown resilience but remain volatile. Technology stocks have gained some traction, driven by advancements in AI and strong earnings reports from tech giants.

In Europe, the stock markets are facing headwinds due to economic uncertainty exacerbated by geopolitical tensions, particularly concerning the ongoing war in Ukraine and its impact on energy markets. Despite this, certain sectors, such as renewable energy, are gaining attention as countries push for energy security and sustainability.

Asian markets display a varied picture. In China, the government’s recent measures to stimulate the economy are being closely watched. Policy changes aimed at boosting consumer spending and reviving the real estate sector have led to short-term optimism among investors.

Commodities and Currencies

The commodities market is experiencing notable movements. Oil prices have seen moderate increases, driven by supply chain disruptions and production cuts from major suppliers. Additionally, the price of gold has remained relatively stable, attracting investors seeking a safe haven amid market volatility.

The Euro faces pressure due to regional economic challenges, while the Japanese Yen remains subdued as the Bank of Japan maintains its ultra-loose monetary policy. Emerging market currencies are experiencing variability, affected by both domestic economic conditions and global risk sentiment.

Overall, today’s global market is navigating a landscape defined by uncertainty and rapid change. Investors are advised to adopt a cautious yet strategic approach, diversifying portfolios and staying informed on geopolitical developments and macroeconomic indicators. As the world continues to adapt to new realities, the global market remains a complex yet intriguing space for both opportunities and challenges.