Kasikorn Securities Company expects the Thai Stock Index to reach 1,415-1,455 points next week, while monitoring foreign fund flows and corporate balance sheets for the fourth quarter of 2023.
KASIKORN SECURITIES LIMITED I think that Thai stock index for next week (January 8-12) There are support levels at 1,415 and 1,400 points, while resistance levels are located at 1,440 and 1,455 points, respectively, as assessed by the Kasikorn Research Center.Important factors to follow Including the trend of foreign capital and the gradual announcement of Q4 2023 operating results for Thai companies.US economic data Highlights include import and export data for November. 66
Consumer Price Index and Producer Price Index, December 66, including the number of people filing for weekly unemployment benefits, while other foreign economic data includes retail sales for November. 66 for the Eurozone, in addition to the Consumer Price Index and Producer Price Index in December. 66 China
Today, Friday, January 5, 2024, the SET index closed at 1,427.96 points, an increase of 0.86% from the level of the previous weekend. Meanwhile, the average daily trading value reached 46,832.14 million baht, an increase of 31.09% from the previous week, and the MAI rose 1.92% to close at 419.50 points.
Last week, the Thai stock index remained above 1,400 points in the first week of 2024. Thai stocks rebounded strongly on the first business day of the year in response to positive factors from the permanent visa-free measure between Thailand and China. Which stimulates the purchasing power of stocks benefiting from tourism. Especially the inventory of airport business operators.
However, the Thai stock index witnessed volatile movements during the rest of the week, in line with the trend of foreign stock markets after responding to some positive factors. Moreover, the Fed meeting minutes did not send a clear signal that when will the interest rate cut start? Meanwhile, shares in the Electronic Components group fell as a result of a reduction in the investment weight of major US technology stocks.
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