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The stock market early in the morning turned down more than 10 points after opening a slight gain, but was met with selling pressure on large stocks, causing the index to turn downwards.
At 10:42 a.m., the SET index was at 1,671.34 points, down 10.77 points (-0.64%).
Last at 10:59 a.m., the SET index was at 1,670.60 points, down 11.51 points (-0.68%).
Mr. Narongdej Chantaraphaisan, assistant director of securities analysis, AIRA Securities, said the Thai stock market this morning flowed down to support the selling of large stocks related to petrochemical spreads after The Siam Cement Public Company Limited (SCC) announced worse-than-expected 4Q22 results due to narrow petrochemical spreads, putting pressure on PTT, PTTGC, while JMART stocks dropped after expecting earnings to improve. came out disappointing
Overall, the market is under selling pressure from several stocks that are expected to perform worse than expected, weighing down the market. In particular, the energy sector dragged the market down to 4 points. The rest of the day, the market should seep in, but the downside is not much. Give the first support at 1,660, if dropped, the next at 1,650 points, and the resistance at 1,675 points.
and add more content about Morning SET index slipped more than 10 points, pressured to sell big cap stocks, worried about poor budget.