The Thai stock market closed at 1,400.21 points, decreased by 1.25 points or 0.09% on December 30, 2024, the last trading day of the year with a trading volume of 31.8 billion baht.
The analyst from Bualuang Securities noted that the Thai stock market experienced a fluctuation, moving in both gain and loss territory today, with a thin trading volume as the market approached the New Year holidays. Although the index managed to stay at 1,400 points, it still closed lower than the year-end level of 1,415.85 points in 2023. Post-New Year, the market is expected to move sideways with possible speculative support from the banking sector. Resistance is seen at 1,410 points, with support at 1,390 points.
As the Thai stock market opens in 2025, it is expected to display a sideways movement, potentially supported by speculative buying in banking stocks. This sector will begin announcing its fourth quarter and full-year 2024 results. Additionally, important factors in January include the inauguration of U.S. President Donald Trump. Observing his policies will be crucial as they gradually unfold and impact the overall stock market.
The Tourism Authority of Thailand (TAT) revealed that the number of foreign tourist arrivals in Thailand has exceeded 35 million expectations for 2024. The authority has forecast revenue from tourism to be THB 1.8 trillion, reiterating strong recovery in the tourism sector.
The recovery has benefited from Visa exemption and immigration form (TM6) exemption for entering from land borders. Many airlines have been opening new routes, increasing travel frequency and capacity for both short and long-distance airlines during the high season. These factors are supporting Thailand in moving into the Amazing Thailand Grand Tourism and Sports Year 2025, expanding the quality tourist market from both close neighbors and distant travelers, and pushing Thailand as the Tourism Hub.
KKP Dime Securities stated that bank stocks are another reliable channel for generating consistent returns. The firm developed an investment model using Dollar-Cost Averaging (DCA), investing 2,000 baht monthly in bank stocks on the 25th of each month.
Based on data from set.or.th (as of November 25, 2024), covering a five-year period from December 25, 2019, to November 25, 2024, the analysis found that TISCO Financial Group Public Company Limited (SET: TISCO) had the highest dividend yield. However, in terms of overall profitability, the top-performing bank stock was TMBThanachart Bank Public Company Limited (SET: TTB).
