Mr. Vathan Jitsomnuk, Director of Strategic Analysis at Pai Securities, said that the Thai stock market ended positively today. Gaining key support from BDMS increased, impacting the index by approximately 1.27 points, as the 4th quarter 2023 profit report beat analyst estimates, while AOT increased, impacting the index by approximately 1.2 points, estimated due to overseas numbers. Tourists are still few and far between. Ministry of Tourism 1 Jan. – Reports foreign tourist arrivals total of 5.2 million (+49%YoY) till 18 February 2024.
At the same time, the investment climate in Asia is positive (Nikkei +2.2% China +1.3%), creating positive psychology for Thai stocks. Also, yesterday the flow of foreign capital returned to buy about 6,300 million baht. Positive Factor Thai stock market As for the baht's value against the US dollar, it continued to strengthen, testing 35.7 baht/US dollar. Reflects the inflow of foreign capital. Therefore, foreign investors are likely to continue net buying as the market closes today.
Factors to follow tonight include the U.S. Includes index number of preliminary production purchasing managers. Bloomberg Consensus estimates for manufacturing and services sectors (Flash PMI) were 50.5 and 52.4 respectively. If the report is worse than expected, it will be positive for global stock markets.
For tomorrow's trend (Feb 23), the SET INDEX is estimated to move in the range of 1,395-1,415 points with a positive outlook. That's because there's a chance for further gains tonight after Nvidia reported better-than-estimated earnings from U.S. stock market analysts. And tomorrow will create positive sentiment for Thai stocks
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