Bangkok, Today is the first day that the SET has extended trading hours. Afternoon trading opens 30 minutes earlier. Analysts believe it will help increase trading volumes, pointing out that the House of Representatives passed the draft budget for 2024 as a factor supporting Thai stocks.
The Stock Exchange of Thailand (SET) has extended trading hours from today (25 March) by opening afternoon trading 30 minutes earlier to be more consistent with stock exchanges in the region. and allows investors to have more time to trade securities and adjust strategies to keep up with the news updates. By adjusting trading hours as follows:
– Before the market opens in the afternoon (Pre Open Session II) from 1:30 – 2:00 p.m.
– Afternoon trading hours (Trading Session II) from 2:00 – 4:30 p.m.
For the Futures Exchange (TFEX), trading hours for the Equity Futures and Options, Currency Futures, and Interest Rate Futures groups will be extended by opening trading hours in the afternoon 30 minutes earlier as well, in line
with the stock exchange’s extension of trading hours.
Mr. Nattawut Wongyaowarak, Director of the Research Department of Globlex Securities, gave an interview on the investment minute program, Channel 9, MCOT HD, that the extension of trading hours It will help increase trading volume. But in terms of buying and selling factors It hasn’t had much impact yet. However, look at the direction of the stock market this week. There are positive factors in the country. Regarding the House of Representatives passing the draft budget for 2024, preparing to send it to the Senate for consideration. As for external factors Regarding interest rates from the US Federal Reserve (Fed), analysts are giving more weight that the Fed will cut interest rates from 56% to 71%. As for the case this afternoon, Mr. Chulaphan Amornvivat, Deputy Finance Minister, will announce the progress of Digital Wallet. that it will be a positive sentiment with the market But it didn’t have much effect. Because it is known that this is only the prog
ress of listening to opinions. An exact timeline has not yet been set.
However, there are also negative factors. Geopolitics It is reported that Russia is preparing to mobilize 100,000 soldiers to attack Ukraine, which puts pressure on both the Thai stock market and the global stock market.
Source: Thai News Agency