Kasikorn Securities expects stocks to fall between 1,360 and 1,400 points next week, following the release of the CPI – Hoonsmart

HoonSmart.com>> Kasikorn Securities expects stocks next week to have support levels at 1,370 and 1,360 points, while resistance levels are at 1,385 and 1,400 points. Thailand CPI for March and foreign capital trend The value of the baht, Kasikorn Bank expects that The range of movement is at 36.00-36.80 baht per dollar. After the baht fell to its lowest level in more than 5 months at 36.54 baht to the dollar. Before recovering at the end of the week

Kasikorn Securities Corporation Looking at stocks next week (April 1-5, 2024), the Thai Stock Index has support levels at 1,370 and 1,360 points, while resistance levels are at 1,385 and 1,400 points, respectively.

Kasikorn Research Center assesses important factors that need to be monitored, including Thailand's CPI for March. And the direction of foreign capital

Important US economic data includes the ISM/PMI index for the manufacturing and services sectors. ADP private sector employment data, non-farm employment numbers and unemployment rate for March. Including the number of people applying for weekly unemployment benefits. Meanwhile, other foreign economic data includes purchasing managers' indexes for the manufacturing and services sectors in Japan, China, the euro zone and England, and the consumer price index for March. (Preliminary) for the Eurozone

In this regard, the Thai stock market last week (March 25-29, 2024) moved volatile amid relatively light trading volumes.

Thai stocks fell at the beginning of the week. Before rebounding later until mid-week, following the trend of regional stock markets. Additionally, there should be a positive factor from Thailand's February export numbers which continue to expand. And the adoption of the 2024 Budget Law, which stimulated the purchase of shares in many groups. Especially those that produce electronic components. Finance and real estate

However, Thai stocks later fell after profit-taking by foreign investors. Before it partially rebounded at the end of the week, following the trend of regional stock markets. With major purchasing power from energy stocks coming to support the benefits of rising oil prices in the global market.

On Friday, March 29, 2024, the SET index closed at 1,377.94 points, declining by 0.22% from the level of the end of last week. Meanwhile, the average daily trading value reached 34,835.00 million baht, down 23.97% from the previous week, and the MAI fell 0.86% to close at 411.72 points.