Kasikorn Securities points to next week’s SET frame at 1350-1410 points, hoping for Fed meeting – inflows.

KASIKORN SECURITIES LIMITED The Thai stock index trend forecast for the week (December 11-15) has a support level of 1,365-1,350 points, while the resistance level is 1,400-1,410 points, respectively, by Kasikorn Research Centre, it was stated. Evaluate important factors to watch, including the Federal Reserve meeting on December 12-13 and the direction of foreign capital.

Important US economic data includes the Consumer Price Index. Producer Price Index Retail sales and industrial production in November PMI (provisional) for December, including the number of weekly unemployment claims. Meanwhile, other external factors include the Bank of England (BOE) and European Central Bank (ECB) meetings, and the December (preliminary) PMI in Japan, the Eurozone and England. As well as economic data for November China, such as retail sales and investment in fixed assets

As for the Thai stock index, it closed close to the previous week. Thai stocks rose from the beginning to mid-week. There is strong buying of large-cap stocks in many industries. It is expected to benefit from the TESG Fund and is expected to maintain interest rates by the Federal Reserve at next week’s meeting. Thai stocks later fell sharply. Amid selling pressure from foreign investors, especially stocks in the energy sector, after the decline in oil prices in global markets, and large stocks in the technology sector. However, due to fears of being excluded from the SET50 and SET100 index calculations, Thai stocks partially rebounded at the end of the week. With strong stock buybacks from electronic component manufacturers to help support

By the way, on Friday, December 8, 2023, the SET index closed at 1,380.99 points, an increase of 0.05% from the level of the previous weekend. Meanwhile, the average daily trading value reached 37,650.03 million baht, down 21.14% from the previous week, and the MAI rose 0.73% to close at 400.51 points.